CoreWeave (NASDAQ:CRWV) Trading Up 3.4% - What's Next?

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shot up 3.4% during trading on Friday . The stock traded as high as $165.72 and last traded at $163.41. 6,349,618 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 21,571,459 shares. The stock had previously closed at $158.08.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWV. Melius began coverage on shares of CoreWeave in a research report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price objective for the company. JMP Securities started coverage on CoreWeave in a research note on Thursday, May 22nd. They issued a "market perform" rating for the company. Bank of America cut CoreWeave from a "buy" rating to a "neutral" rating in a research report on Monday, June 16th. Melius Research raised CoreWeave to a "hold" rating in a report on Tuesday, April 22nd. Finally, Mizuho boosted their price objective on CoreWeave from $46.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.00.

CoreWeave Trading Up 5.9%

The stock's 50 day moving average price is $101.90.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Hedge Funds Weigh In On CoreWeave

A hedge fund recently bought a new stake in CoreWeave stock. Gamco Investors INC. ET AL bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,575 shares of the company's stock, valued at approximately $318,000.

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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