CoreWeave (NASDAQ:CRWV) Stock Price Target Raised at Citigroup

Key Points

• Citigroup raised its CoreWeave price target to $149 from $128 and maintained a Buy rating, implying 141.24% upside from the stock’s then-current price.
• Analyst views are mixed: 27 rate the stock Buy, eight Hold and four Sell. The consensus is Moderate Buy, with an average target of $118.69.
• Recent company updates cited strong growth and a higher revenue outlook, alongside a large contracted backlog; however, heavy financing needs and interest costs remain risks.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its price objective lifted by equities researchers at Citigroup from $128.00 to $149.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target would indicate a potential upside of 141.24% from the stock's current price.

Several other brokerages also recently issued reports on CRWV. Rothschild & Co Redburn assumed coverage on shares of CoreWeave in a research note on Monday, September 21st. They issued a "sell" rating and a $54.00 target price for the company. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday. Raymond James Financial restated an "outperform" rating and issued a $75.00 price objective on shares of CoreWeave in a research note on Monday, October 26th. The Goldman Sachs Group raised CoreWeave from a "neutral" rating to a "buy" rating and set a $106.00 price objective for the company in a research report on Monday, October 19th. Finally, HSBC reiterated a "reduce" rating and set a $39.00 target price on shares of CoreWeave in a research note on Tuesday, October 20th. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $118.69.

CoreWeave Stock Up 26.7%

Shares of NASDAQ:CRWV traded up $13.03 during trading on Wednesday, hitting $61.76. 111,536,105 shares of the company were exchanged, compared to its average volume of 32,830,031. The stock has a market cap of $28.34 billion, a price-to-earnings ratio of -16.89 and a beta of 7.71. CoreWeave has a fifty-two week low of $40.58 and a fifty-two week high of $138.25. The firm has a fifty day moving average price of $74.13 and a two-hundred day moving average price of $89.44. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. CoreWeave's quarterly revenue was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. As a group, research analysts anticipate that CoreWeave will post -4.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, CRO Jonathan Jones sold 21,569 shares of the company's stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98. Following the transaction, the executive directly owned 5,392 shares of the company's stock, valued at $417,448.64. This represents a 80.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nitin Agrawal sold 22,579 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $80.13, for a total value of $1,809,255.27. Following the transaction, the chief financial officer owned 110,017 shares in the company, valued at $8,815,662.21. The trade was a 17.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,727,018 shares of company stock worth $337,495,407 in the last 90 days. Company insiders own 24.20% of the company's stock.

Institutional Trading of CoreWeave

A number of institutional investors have recently bought and sold shares of CRWV. Mayflower Financial Advisors LLC raised its position in shares of CoreWeave by 48.4% in the third quarter. Mayflower Financial Advisors LLC now owns 3,898 shares of the company's stock valued at $340,000 after buying an additional 1,272 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in CoreWeave during the third quarter worth approximately $1,905,000. Edmond DE Rothschild Holding S.A. grew its position in CoreWeave by 51.0% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 5,800 shares of the company's stock worth $505,000 after buying an additional 1,960 shares in the last quarter. Westpac Banking Corp acquired a new stake in CoreWeave during the third quarter worth approximately $266,000. Finally, Creek Drive Management Group LLC bought a new position in CoreWeave during the 3rd quarter worth $836,000.

More CoreWeave News

These are some of the CRWV news items that stood out recently:

• Positive Sentiment: Strong results and higher guidance: Q3 revenue rose 168% year over year to $3.66 billion, beating expectations, and the company raised its 2026 revenue outlook to $13.0 billion–$13.3 billion, above the roughly $12.9 billion consensus. Management also cited stronger GPU pricing and margin improvement. CNBC report on results and outlook
• Positive Sentiment: Large backlog and customer funding: Contracted backlog reached about $132.5 billion, while CoreWeave expects around $9 billion in customer prepayments and deposits over the next three months. Management said it plans to rely on contract-backed financing and customer funding rather than new unsecured parent-level debt through 2027. Funding and backlog report
• Negative Sentiment: Debt and interest costs remain a concern: The data-center buildout is capital-intensive, and reports flagged potentially substantial interest expense. Continued reliance on financing leaves CoreWeave exposed to borrowing costs and capital-market conditions. Report on financing costs

CoreWeave Company Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

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