Moffett Nathanson Forecasts Strong Price Appreciation for CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Moffett Nathanson has raised the price target for CoreWeave stock from $56.00 to $65.00, reflecting a potential downside of 28.63% from its current price while maintaining a "neutral" rating.
• Wells Fargo boosted its target price for CoreWeave to $105.00, and other analysts provide mixed ratings, with one Strong Buy, five Buys, eighteen Holds, and two Sells.
• CoreWeave reported a significant 206.7% increase in revenue year-over-year, although earnings per share were reported at ($0.27), missing estimates.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its price target upped by Moffett Nathanson from $56.00 to $65.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Moffett Nathanson's price objective would indicate a potential downside of 28.63% from the company's current price.

CRWV has been the subject of a number of other research reports. Wells Fargo & Company raised their target price on CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Melius assumed coverage on shares of CoreWeave in a research note on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price objective for the company. DA Davidson reissued an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $100.90.

CoreWeave Stock Performance

NASDAQ:CRWV traded down $5.73 during trading hours on Tuesday, hitting $91.07. The company's stock had a trading volume of 22,561,500 shares, compared to its average volume of 19,871,234. The company has a fifty day simple moving average of $138.34. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results 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 firm had revenue of $1.21 million during the quarter. CoreWeave's revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 1,000,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the transaction, the director owned 13,441,680 shares of the company's stock, valued at approximately $1,346,856,336. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On CoreWeave

Several hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new stake in shares of CoreWeave during the second quarter worth $288,000. Liontrust Investment Partners LLP purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $5,692,000. Hollencrest Capital Management acquired a new stake in CoreWeave during the 2nd quarter valued at $87,000. Nikko Asset Management Americas Inc. acquired a new stake in shares of CoreWeave in the second quarter worth $33,597,000. Finally, Headlands Technologies LLC acquired a new position in CoreWeave during the second quarter valued at $110,000.

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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