Barclays Forecasts Strong Price Appreciation for CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) had its target price lifted by equities research analysts at Barclays from $48.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 10.29% from the stock's current price.

A number of other research firms have also weighed in on CRWV. Moffett Nathanson initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Monday, May 5th. They set a "neutral" rating and a $43.00 target price for the company. JPMorgan Chase & Co. initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "overweight" rating and a $43.00 target price for the company. Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Tuesday, April 22nd. Mizuho assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an "outperform" rating and a $46.00 target price for the company. Finally, DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $48.50.

CoreWeave, Inc. Class A Common Stock Price Performance

NASDAQ CRWV traded up $3.03 on Monday, reaching $54.40. The company had a trading volume of 2,884,911 shares, compared to its average volume of 11,830,877. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $64.62.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock worth $13,786,546 in the last quarter.

CoreWeave, Inc. Class A Common Stock Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

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