CoreWeave (NASDAQ:CRWV) Trading 6.3% Higher on Analyst Upgrade

Key Points

• Shares rose about 6.3% midday after Sanford C. Bernstein raised its price target (from $56 to $67) amid a 63% jump in trading volume, even though Bernstein still carries an underperform rating.
• Several firms (Deutsche Bank, Oppenheimer, Cantor Fitzgerald) have upgraded or initiated coverage with higher targets and institutional investors like Vanguard dramatically increasing holdings, supported by marquee customer wins including a reported ~$21 billion Meta expansion and a new Anthropic partnership that boost revenue visibility.
• Risks remain: insiders have sold large blocks of stock recently (hundreds of millions in disclosed sales), and the company is still unprofitable with weak liquidity and high leverage (debt-to-equity ~4.46), raising execution and financing concerns.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price rose 6.3% during mid-day trading on Tuesday after Sanford C. Bernstein raised their price target on the stock from $56.00 to $67.00. Sanford C. Bernstein currently has an underperform rating on the stock. CoreWeave traded as high as $119.06 and last traded at $117.20. Approximately 45,193,391 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 27,678,404 shares. The stock had previously closed at $110.27.

A number of other equities research analysts have also recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft upgraded CoreWeave from a "hold" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $140.00 in a research note on Tuesday, January 27th. Oppenheimer initiated coverage on CoreWeave in a research note on Friday, March 6th. They issued an "outperform" rating and a $140.00 price objective on the stock. Citizens Jmp restated a "market outperform" rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Friday, February 27th. Cantor Fitzgerald initiated coverage on CoreWeave in a research note on Thursday, April 9th. They issued an "overweight" rating and a $149.00 price objective on the stock. Finally, Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research note on Friday, February 27th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, CoreWeave currently has an average rating of "Moderate Buy" and an average price target of $123.94.

Insider Activity

In other news, insider Brian M. Venturo sold 61,747 shares of the company's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $89.22, for a total transaction of $5,509,067.34. Following the sale, the insider directly owned 223,580 shares in the company, valued at $19,947,807.60. This represents a 21.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 100,000 shares of the company's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $81.25, for a total value of $8,125,000.00. Following the sale, the insider owned 313,732 shares in the company, valued at approximately $25,490,725. This represents a 24.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 7,352,929 shares of company stock valued at $613,678,293.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Landmark expansion with Meta — CoreWeave announced an expanded multi‑year agreement with Meta valued at roughly $21 billion (on top of a prior large deal), which materially strengthens its long‑term revenue backlog and underpins capacity planning and valuation re‑rating. Here’s What CoreWeave’s (CRWV) Partnership With Meta Platforms Means For Investors
• Positive Sentiment: New/expanded Anthropic partnership — A fresh agreement to power Anthropic’s Claude models gives CoreWeave another marquee AI customer, validating product fit for high‑intensity GPU workloads and driving revenue visibility. CoreWeave (CRWV) Stock Soars Over 10% Following Anthropic Partnership and Meta Expansion
• Positive Sentiment: Wall Street and institutional momentum — Multiple analyst upgrades, higher price targets (example: DA Davidson raise) and heavy trading/option activity point to institutional accumulation and renewed buy-side conviction. That buying pressure is amplifying the stock move. Why Wall Street Is Betting Billions on This Under-the-Radar AI Stock
• Neutral Sentiment: Financing to fund rapid buildout — CoreWeave has raised significant capital (senior notes / debt issuances) to scale data centers and meet contract obligations; this supports growth but increases leverage and interest burden. Why Wall Street Is Betting Billions on This Under-the-Radar AI Stock
• Negative Sentiment: Insider selling — Recent filings show executives sold shares (multi‑million dollar transactions), which investors often watch as a cautionary signal even if company says sales are routine. Insider Selling: CoreWeave NASDAQ: CRWV CEO Sells $5,567,238.78 in Stock
• Negative Sentiment: Profitability and balance‑sheet risks — CoreWeave remains unprofitable (recent EPS miss), with thin liquidity ratios and elevated leverage; those fundamentals raise execution and financing risk as the company scales. CoreWeave: The Best Way To Play The Data Center Boom

Institutional Investors Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock valued at $1,999,421,000 after buying an additional 20,487,478 shares during the period. Proficio Capital Partners LLC increased its position in shares of CoreWeave by 446,194.0% during 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 buying an additional 17,847,760 shares during the period. Clear Street Group Inc. increased its position in shares of CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company's stock valued at $333,260,000 after buying an additional 1,692,916 shares during the period. Alyeska Investment Group L.P. increased its position in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock valued at $286,440,000 after buying an additional 3,000,000 shares during the period. Finally, Deutsche Bank AG increased its position in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock valued at $273,039,000 after buying an additional 3,796,077 shares during the period.

CoreWeave Stock Performance

The company has a 50-day moving average price of $85.82 and a two-hundred day moving average price of $94.27. The stock has a market capitalization of $49.11 billion and a P/E ratio of -36.62. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The company's revenue was up 110.4% compared to the same quarter last year.

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.

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