CoreWeave (NASDAQ:CRWV) Given New $159.00 Price Target at Citigroup

Key Points

• Citigroup raised CoreWeave’s price target to $159 from $142 and maintained a “buy” rating, implying roughly 51% upside from the prior close. Analysts overall hold a “Moderate Buy” consensus with an average target of $138.72.
• CoreWeave reported 112.5% year-over-year revenue growth to $2.58 billion and beat quarterly EPS expectations, while its AI-related backlog reached as much as $129.2 billion and full-year revenue guidance was raised.
• The company’s growth strategy carries significant risks: CoreWeave has a 3.68 debt-to-equity ratio, plans $35 billion–$39 billion in capital spending, remains unprofitable, and insiders have sold substantial shares through pre-arranged plans.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its price target upped by research analysts at Citigroup from $142.00 to $159.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective points to a potential upside of 51.02% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. UBS Group reiterated an "underperform" rating on shares of CoreWeave in a research report on Wednesday. Piper Sandler restated an "overweight" rating and set a $153.00 price target (up from $151.00) on shares of CoreWeave in a research note on Wednesday. Wolfe Research reaffirmed an "outperform" rating on shares of CoreWeave in a report on Monday, July 6th. Oppenheimer lifted their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Finally, BTIG Research assumed coverage on CoreWeave in a research report on Wednesday, July 22nd. They set a "buy" rating on the stock. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $138.72.

CoreWeave Stock Performance

NASDAQ CRWV traded down $1.00 on Friday, hitting $105.28. 23,812,807 shares of the stock traded hands, compared to its average volume of 28,813,633. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The business's fifty day moving average is $90.40 and its two-hundred day moving average is $94.94. CoreWeave has a 12 month low of $60.55 and a 12 month high of $153.20. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of -28.85 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results 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 return on equity of 51.06% and a negative net margin of 25.41%.The firm's quarterly revenue was up 112.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.27) EPS. As a group, equities analysts anticipate that CoreWeave will post -5.05 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In related news, insider Brian M. Venturo sold 375,000 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $101.24, for a total transaction of $37,965,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 278,560 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the sale, the chief executive officer directly owned 3,138,612 shares in the company, valued at approximately $305,794,967.16. The trade was a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,434,966 shares of company stock valued at $929,811,231 in the last three months. Company insiders own 24.20% of the company's stock.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock worth $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC increased its stake in CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Deutsche Bank AG increased its stake in CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock valued at $273,039,000 after acquiring an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP purchased a new stake in CoreWeave during the fourth quarter valued at about $230,099,000. Finally, Alyeska Investment Group L.P. lifted its stake in CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock worth $286,440,000 after purchasing an additional 3,000,000 shares during the last quarter.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave reported 112% year-over-year revenue growth to approximately $2.6 billion, exceeded earnings expectations and generated $1.51 billion in adjusted EBITDA. The adjusted EBITDA margin increased to 59%, suggesting that demand is improving profitability as well as revenue. CoreWeave: Irrational AI CapEx Fear Leads To Golden Investment Opportunity
• Positive Sentiment: Backlog reached a record $104.2 billion, or $129.2 billion including incremental commitments, reinforcing visibility into future revenue and supporting the company’s aggressive expansion plans. Full-year revenue guidance was raised to $12.4 billion-$13.2 billion. CoreWeave: Buy The AI Backlog, But Watch The Debt
• Positive Sentiment: Analysts remain constructive: Robert W. Baird raised its price target to $130, while Cantor Fitzgerald reportedly maintained a $178 target. Wedbush and other commentators said rising AI data-center pricing and constrained compute supply should continue benefiting CoreWeave. Robert W. Baird Raises CoreWeave Price Target
• Positive Sentiment: Strong results from CoreWeave, Nebius and other AI-infrastructure companies are easing fears of an AI bubble by demonstrating that hyperscaler spending is translating into monetized demand for GPU computing. Dan Ives Says AI Has Entered Monetization Phase
• Neutral Sentiment: The company plans to spend $35 billion-$39 billion on capital expenditures to build capacity. The backlog and more than $25 billion in new commitments support the investment, but execution and financing will be critical.
• Negative Sentiment: CoreWeave remains heavily leveraged, with substantial interest expense and a debt-financed expansion strategy. Analysts have warned that shorter customer contracts, high financing costs and any slowdown in AI spending could pressure cash flow and valuation. CoreWeave Q2: Contracts Are Getting Shorter, Debt Isn't
• Negative Sentiment: CEO Michael Intrator and co-founder Brannin McBee disclosed sizable stock sales under pre-arranged Rule 10b5-1 plans. Although scheduled sales do not necessarily signal a change in business outlook, they can weigh on sentiment after the post-earnings surge.

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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