HC Wainwright assumed coverage on shares of CoreWeave (NASDAQ:CRWV - Free Report) in a research note published on Wednesday, MarketBeat reports. The firm issued a neutral rating on the stock.
A number of other brokerages also recently weighed in on CRWV. Wall Street Zen downgraded CoreWeave from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Mizuho boosted their target price on shares of CoreWeave from $46.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Macquarie increased their target price on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Barclays restated an "equal weight" rating and issued a $100.00 price target (up from $70.00) on shares of CoreWeave in a research report on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of CoreWeave in a research report on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, CoreWeave has an average rating of "Hold" and an average target price of $65.00.
Get Our Latest Analysis on CRWV
CoreWeave Trading Down 0.9%
Shares of CRWV stock traded down $1.42 during mid-day trading on Wednesday, reaching $158.08. 16,949,376 shares of the company were exchanged, compared to its average volume of 27,475,424. The company has a 50 day moving average price of $101.90. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).
Institutional Investors Weigh In On CoreWeave
A hedge fund recently bought a new stake in CoreWeave stock. Gamco Investors INC. ET AL purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,575 shares of the company's stock, valued at approximately $318,000.
About CoreWeave
(
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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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