CoreWeave (NASDAQ:CRWV) Stock Rating Upgraded by JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded CoreWeave to “overweight” from “neutral” and raised its price target to $125 from $120, implying 43.84% upside from the reported $86.90 share price.
• Analyst sentiment is broadly positive: CoreWeave has an average “Moderate Buy” rating and a consensus price target of $138.78, with UBS and TD Cowen among firms issuing bullish recommendations.
• CoreWeave’s revenue surged 112.5% year over year to $2.58 billion, but the company remains unprofitable and highly leveraged; its $4.2 billion convertible-notes offering supports expansion while increasing debt and potential dilution risks.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Thursday, Benzinga reports. The firm presently has a $125.00 target price on the stock, up from their prior target price of $120.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 43.84% from the company's current price.

Several other equities research analysts have also recently commented on CRWV. Btg Pactual set a $125.00 price target on CoreWeave in a research note on Monday. TD Cowen upgraded shares of CoreWeave to a "buy" rating in a research note on Wednesday, July 22nd. Mizuho increased their price target on shares of CoreWeave from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. The Goldman Sachs Group lifted their price objective on shares of CoreWeave from $121.00 to $139.00 and gave the company a "neutral" rating in a research report on Friday, August 21st. Finally, UBS Group started coverage on CoreWeave in a report on Tuesday. They set a "buy" rating and a $120.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave presently has an average rating of "Moderate Buy" and an average price target of $138.78.

CoreWeave Stock Performance

Shares of CRWV opened at $86.90 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm has a market cap of $39.88 billion, a PE ratio of -23.81 and a beta of 7.45. The stock has a fifty day moving average price of $85.46 and a 200-day moving average price of $94.28. CoreWeave has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. The business's revenue was up 112.5% on a year-over-year basis. Equities research analysts predict that CoreWeave will post -5.19 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreWeave

In related news, CFO Nitin Agrawal sold 66,576 shares of CoreWeave stock in a transaction on Monday, September 14th. The stock was sold at an average price of $83.70, for a total transaction of $5,572,411.20. Following the completion of the sale, the chief financial officer directly owned 188,360 shares of the company's stock, valued at $15,765,732. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Chen Goldberg sold 22,424 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $95.91, for a total value of $2,150,685.84. Following the completion of the transaction, the executive vice president owned 50,550 shares of the company's stock, valued at $4,848,250.50. This represents a 30.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,380,334 shares of company stock valued at $561,507,579. 24.20% of the stock is currently owned by corporate insiders.

Institutional Trading of CoreWeave

Large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company's stock valued at $43,775,000 after buying an additional 604,156 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in CoreWeave during the second quarter valued at $15,543,000. California State Teachers Retirement System grew its stake in CoreWeave by 25.5% during the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company's stock worth $24,791,000 after purchasing an additional 64,960 shares during the period. Bank of New York Mellon Corp grew its position in shares of CoreWeave by 12.6% during the 1st quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company's stock worth $27,401,000 after buying an additional 39,599 shares during the period. Finally, Ardmore Road Asset Management LP increased its stake in CoreWeave by 3,410.0% in the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company's stock valued at $27,192,000 after purchasing an additional 341,000 shares in the last quarter.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: UBS upgraded CoreWeave to “Strong Buy” after initiating coverage with a Buy rating and a $120 price target, implying roughly 40% upside from the current price of $86.90. UBS cited robust AI-compute demand and noted that investor sentiment and valuation remain cautious relative to CoreWeave’s growth prospects. CoreWeave gets Buy rating from UBS as AI compute demand strengthens
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for a third consecutive time, making it the only provider to receive the industry’s highest distinction in all three evaluations. The recognition supports the company’s positioning on AI-cloud performance, reliability and scalability. CoreWeave earns third consecutive Platinum ClusterMAX rating
• Positive Sentiment: Harell Data selected CoreWeave Cloud for secure AI-model training, fine-tuning and inference workloads. The deal provides another customer win and may help validate demand for CoreWeave’s specialized infrastructure. Harell Data selects CoreWeave
• Neutral Sentiment: CoreWeave launched NVIDIA Vera Rubin NVL72 clusters and enhanced AI storage products for large-scale training, inference and agentic-AI workloads. The products could expand its addressable market, but their financial contribution is not yet quantified. CoreWeave rolls out Rubin clusters and AI storage
• Negative Sentiment: CoreWeave completed an upsized convertible-notes offering totaling approximately $4.2 billion, compared with an initial proposal of about $3 billion. The financing supports surging data-center capital expenditures and AI expansion, but adds significant debt and creates potential future equity dilution. It also underscores balance-sheet risk; CoreWeave already carries high leverage and negative earnings.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.

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