Mizuho reaffirmed their neutral rating on shares of CoreWeave (NASDAQ:CRWV - Free Report) in a report published on Tuesday morning, Marketbeat Ratings reports. Mizuho currently has a $150.00 price objective on the stock, up from their previous price objective of $70.00.
A number of other research firms also recently weighed in on CRWV. Morgan Stanley boosted their target price on shares of CoreWeave from $46.00 to $58.00 and gave the stock an "equal weight" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. upped their price target on shares of CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Citizens Jmp raised shares of CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. Bank of America cut shares of CoreWeave from a "buy" rating to a "neutral" rating in a research report on Monday, June 16th. Finally, DA Davidson reaffirmed an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of "Hold" and a consensus target price of $73.24.
Read Our Latest Research Report on CRWV
CoreWeave Stock Up 1.1%
Shares of CRWV traded up $1.60 during trading hours on Tuesday, reaching $153.05. 9,544,054 shares of the stock traded hands, compared to its average volume of 16,323,954. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The company's 50-day simple moving average is $123.13.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).
Institutional Trading of CoreWeave
Hedge funds and other institutional investors have recently made changes to their positions in the business. Webster Bank N. A. acquired a new stake in shares of CoreWeave in the second quarter worth $82,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CoreWeave in the second quarter worth about $117,000. Wesbanco Bank Inc. acquired a new stake in CoreWeave during the second quarter worth about $212,000. McAlister Sweet & Associates Inc. acquired a new stake in CoreWeave during the second quarter worth about $277,000. Finally, Hedges Asset Management LLC acquired a new stake in shares of CoreWeave during the second quarter valued at about $391,000.
CoreWeave Company Profile
(
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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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