CoreWeave (NASDAQ:CRWV) Upgraded at The Goldman Sachs Group

Key Points

• Goldman Sachs upgraded CoreWeave to “buy” from “neutral” and set a $106 price target, implying 72.67% upside from the reported $61.39 share price.
• Analyst sentiment is broadly positive, with 25 buy ratings, seven holds and three sells; MarketBeat reports a “moderate buy” consensus and an average price target of $138.82.
• CoreWeave’s revenue surged 112.5% year over year to $2.58 billion and its quarterly loss beat estimates, but the company remains unprofitable and highly leveraged, while insiders sold $495.8 million of stock over the past three months.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued on Monday, MarketBeat reports. The firm currently has a $106.00 price objective on the stock. The Goldman Sachs Group's target price would indicate a potential upside of 72.67% from the stock's current price.

CRWV has been the topic of several other reports. Sanford C. Bernstein increased their price objective on CoreWeave from $67.00 to $74.00 and gave the company an "underperform" rating in a research note on Wednesday, August 12th. Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CoreWeave in a research report on Monday, September 21st. BTIG Research initiated coverage on CoreWeave in a research note on Wednesday, July 22nd. They issued a "buy" rating for the company. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of CoreWeave in a research note on Thursday. Twenty-five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.82.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $61.39 on Monday. The business has a 50-day moving average of $87.01 and a 200 day moving average of $94.60. CoreWeave has a 12 month low of $59.51 and a 12 month high of $141.79. The stock has a market capitalization of $28.17 billion, a price-to-earnings ratio of -16.82 and a beta of 7.36. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.58 billion for the quarter. During the same quarter last year, the company earned ($0.27) earnings per share. The firm's revenue for the quarter was up 112.5% on a year-over-year basis. As a group, sell-side analysts forecast that CoreWeave will post -5.19 earnings per share for the current year.

Insider Buying and Selling

In other CoreWeave news, CEO Michael Intrator sold 78,552 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total value of $6,888,224.88. Following the completion of the transaction, the chief executive officer owned 548,935 shares in the company, valued at approximately $48,136,110.15. This represents a 12.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 56,531 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $87.69, for a total value of $4,957,203.39. Following the completion of the sale, the insider directly owned 392,279 shares of the company's stock, valued at approximately $34,398,945.51. This trade represents a 12.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 5,660,270 shares of company stock worth $495,848,089. 24.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoreWeave

Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in shares of CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company's stock worth $181,000 after acquiring an additional 91 shares in the last quarter. Pathway Wealth Management LLC raised its position in shares of CoreWeave by 2.9% in the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company's stock valued at $278,000 after purchasing an additional 100 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of CoreWeave by 2.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company's stock valued at $389,000 after purchasing an additional 104 shares in the last quarter. WPG Advisers LLC boosted its stake in shares of CoreWeave by 14.1% during the 1st quarter. WPG Advisers LLC now owns 1,159 shares of the company's stock valued at $90,000 after buying an additional 143 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of CoreWeave by 3.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company's stock valued at $411,000 after buying an additional 145 shares during the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave was identified as one of last week’s biggest AI-linked decliners, but technical indicators suggest the stock may be oversold after its sharp selloff. Oversold AI-linked stocks
• Positive Sentiment: Cathie Wood’s ARK Invest reportedly added to its CoreWeave position, signaling confidence that long-term demand for AI infrastructure can outweigh near-term financing concerns. Cathie Wood weekly recap
• Positive Sentiment: Wedbush’s Dan Ives called the selloff a “false narrative,” arguing that accelerating AI demand remains intact and that the decline could represent a buying opportunity. Dan Ives on CoreWeave selloff
• Positive Sentiment: AI-related shares, including CoreWeave, moved higher in broader market trading, providing short-term support after the recent decline. Today’s market stock movers
• Neutral Sentiment: The stock’s extreme volatility and sharp recent decline have made it a prominent AI-sector rebound candidate, but oversold conditions do not guarantee a sustained recovery.
• Negative Sentiment: MoffettNathanson lowered its CoreWeave price target to $89 from $107, reflecting reduced expectations despite continued recognition of the company’s AI infrastructure opportunity. CoreWeave price target cut
• Negative Sentiment: Reports that CoreWeave’s CEO and co-founders have sold approximately $3.3 billion—or nearly $1 billion by the CEO alone—since the IPO are weighing on investor confidence and raising concerns about management’s conviction. CoreWeave co-founder stock sales
• Negative Sentiment: Analysts highlighted a projected gross leverage ratio of roughly 6.3 times by year-end, a current ratio of 0.46 and bond yields near 15%, suggesting refinancing could become substantially more expensive. CoreWeave leverage concerns
• Negative Sentiment: Concerns are intensifying that aggressive capital spending—reportedly about 3.5 times quarterly revenue—is being funded with significant debt while the company remains unprofitable. These financing risks have driven the recent selloff and could limit shareholder returns even if CoreWeave survives. CoreWeave capital spending and leverage

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.

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