Northland Securities Forecasts Strong Price Appreciation for CoreWeave (NASDAQ:CRWV) Stock

CoreWeave (NASDAQ:CRWV - Get Free Report) had its price objective hoisted by stock analysts at Northland Securities from $85.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Northland Securities' price objective points to a potential upside of 28.51% from the stock's current price.

CRWV has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of CoreWeave from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Wells Fargo & Company raised their price target on shares of CoreWeave from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, DA Davidson reaffirmed an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a report on Tuesday, June 10th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.25.

CoreWeave Trading Up 4.4%

Shares of NASDAQ CRWV traded up $5.37 on Friday, reaching $128.39. 9,490,892 shares of the company traded hands, compared to its average volume of 19,916,475. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The firm's 50 day moving average is $134.61. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.44 and a quick ratio of 0.44.

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

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of CRWV. Matauro LLC purchased a new position in shares of CoreWeave during the second quarter valued at $2,465,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in CoreWeave during the second quarter worth approximately $6,992,000. SOA Wealth Advisors LLC. boosted its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after purchasing an additional 275 shares during the period. Chelsea Counsel Co. bought a new stake in CoreWeave during the second quarter worth approximately $33,000. Finally, PFG Investments LLC bought a new stake in shares of CoreWeave in the second quarter valued at approximately $1,036,000.

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.