CoreWeave (NASDAQ:CRWV) Price Target Raised to $140.00 at Macquarie

Key Points

• Macquarie has raised its target price for CoreWeave (NASDAQ:CRWV) from $115.00 to $140.00, indicating a potential upside of 13.67% based on the stock's previous close.
• CoreWeave has received a range of ratings from analysts, with two giving it a Strong Buy, fifteen a Buy, and a consensus average target price of $125.89.
• The company reported quarterly revenue growth of 206.7% year-over-year, despite missing earnings per share estimates.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its target price increased by research analysts at Macquarie from $115.00 to $140.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Macquarie's price objective points to a potential upside of 13.67% from the stock's previous close.

Several other analysts also recently weighed in on CRWV. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research report on Tuesday, September 23rd. Argus reiterated a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a research report on Thursday, August 14th. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Finally, Arete upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.89.

CoreWeave Stock Performance

Shares of CRWV traded up $2.82 during trading hours on Monday, hitting $123.16. 14,516,742 shares of the company were exchanged, compared to its average volume of 22,349,598. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The business's fifty day simple moving average is $110.86.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The company's quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In related news, Director Jack D. Cogen sold 1,112,004 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares of the company's stock, valued at $1,167,497,020.44. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80. Following the sale, the insider directly owned 363,631 shares of the company's stock, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,928,066 shares of company stock valued at $2,247,880,573 over the last 90 days.

Institutional Investors Weigh In On CoreWeave

Several large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new stake in CoreWeave during the second quarter worth approximately $460,000. Centaurus Financial Inc. acquired a new stake in CoreWeave during the second quarter worth approximately $138,000. Squarepoint Ops LLC acquired a new stake in CoreWeave during the second quarter worth approximately $629,000. Munro Partners acquired a new stake in CoreWeave in the second quarter valued at approximately $1,871,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in CoreWeave in the second quarter valued at approximately $467,000.

About CoreWeave

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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