CoreWeave Inc. (CRWV) - What Are Analysts Thinking About This Stock?

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirty-six ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $130.31.

Several equities analysts have recently commented on CRWV shares. Citigroup increased their price target on shares of CoreWeave from $142.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. 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 report on Monday, October 19th. Piper Sandler cut their price objective on CoreWeave from $153.00 to $124.00 and set an "overweight" rating on the stock in a research note on Wednesday. Barclays increased their target price on CoreWeave from $90.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Finally, Rothschild & Co Redburn began coverage on CoreWeave in a report on Monday, September 21st. They set a "sell" rating and a $54.00 target price on the stock.

CoreWeave Stock Down 2.4%

Shares of NASDAQ:CRWV opened at $54.24 on Friday. The firm has a market cap of $24.89 billion, a PE ratio of -14.86 and a beta of 7.36. The company has a fifty day simple moving average of $82.95 and a 200 day simple moving average of $93.76. 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 has a 12-month low of $53.50 and a 12-month high of $141.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts' consensus estimates of ($1.52) by $0.38. The firm 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%. The company's revenue was up 112.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.27) earnings per share. On average, equities research analysts anticipate that CoreWeave will post -4.96 EPS for the current fiscal year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s long-term growth case remains substantial. The company reportedly has approximately $104 billion in contracted revenue, has implemented a 25% price increase and is bringing additional data-center capacity online. Bank of America maintained a Buy rating and cited the potential for a 168% year-over-year increase in third-quarter revenue. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: New enterprise products, including a Zero Trust AI Framework and Physical AI Launchables, could broaden CoreWeave’s customer base by addressing security and deployment concerns in robotics, autonomous vehicles and other advanced workloads. Does CoreWeave Change The Enterprise AI Case With New Security Tools?
• Neutral Sentiment: Some analysts and industry executives argue that the AI selloff is overdone and that demand fundamentals remain strong. However, investors are waiting for upcoming third-quarter results to determine whether revenue growth is translating into cash flow and sustainable profits. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Higher Treasury yields are reducing the appeal of speculative growth stocks and increasing CoreWeave’s borrowing costs. Its balance sheet is highly leveraged, with a debt-to-equity ratio above 5, while its bonds and credit-default swaps have shown signs of investor stress. Analysts have highlighted a potential $76 billion funding gap to support planned expansion. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Analyst sentiment has deteriorated. Morgan Stanley reduced its price target from $99 to $70 and assigned an Equal Weight rating, while other analysts have also cut targets amid financing concerns. The downgrades are reinforcing the view that strong AI demand may not offset near-term capital and liquidity risks. Morgan Stanley lowers CoreWeave price target
• Negative Sentiment: Short sellers have profited from the selloff in AI data-center stocks, and concerns about expensive debt, large capital expenditures and uncertain returns could continue to pressure CRWV until the company demonstrates stronger free cash flow. Short Sellers Just Made $6 Billion Betting Against AI Data Center Stocks

Insider Activity at CoreWeave

In other CoreWeave news, CEO Michael Intrator sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $66.62, for a total value of $13,324,000.00. Following the sale, the chief executive officer owned 2,276,815 shares in the company, valued at approximately $151,681,415.30. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the transaction, the insider owned 220,810 shares of the company's stock, valued at approximately $24,013,087.50. This represents a 58.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,352,578 shares of company stock valued at $471,777,344 over the last ninety days. Corporate insiders own 24.20% of the company's stock.

Institutional Trading of CoreWeave

Several hedge funds have recently added to or reduced their stakes in CRWV. Public Employees Retirement System of Ohio acquired a new position in shares of CoreWeave during the second quarter valued at $15,543,000. California State Teachers Retirement System raised its stake in shares of CoreWeave by 25.5% during the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company's stock valued at $24,791,000 after purchasing an additional 64,960 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in CoreWeave by 12.6% in the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company's stock worth $27,401,000 after purchasing an additional 39,599 shares during the period. Ardmore Road Asset Management LP lifted its holdings 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 worth $27,192,000 after purchasing an additional 341,000 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in CoreWeave by 30.6% in the second quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company's stock worth $7,313,000 after purchasing an additional 17,196 shares during the period.

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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