CoreWeave (NASDAQ:CRWV) Shares Climb 24.7% After Analyst Upgrade

Key Points

• CoreWeave shares surged 24.7% to $60.77 after Citigroup raised its price target from $128 to $149 and reiterated a buy rating; trading volume was 372% above average.
• Analyst sentiment remains mixed: despite Citi’s upgrade, several firms cut targets or assigned sell/neutral ratings. MarketBeat reports a consensus “Moderate Buy” rating and an average target of $118.69.
• Recent company updates cited 168% year-over-year revenue growth, higher 2026 revenue guidance, and a $132.5 billion backlog. Insiders have also sold about 3.7 million shares worth $337.5 million over the past 90 days.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares traded up 24.7% during trading on Wednesday after Citigroup raised their price target on the stock from $128.00 to $149.00. Citigroup currently has a buy rating on the stock. CoreWeave traded as high as $62.03 and last traded at $60.77. Approximately 155,875,829 shares traded hands during trading, an increase of 372% from the average daily volume of 33,039,883 shares. The stock had previously closed at $48.73.

Other equities research analysts have also recently issued research reports about the company. DA Davidson decreased their price target on CoreWeave from $100.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CoreWeave in a research note on Monday, September 21st. Rothschild & Co Redburn initiated coverage on CoreWeave in a research note on Monday, September 21st. They issued a "sell" rating and a $54.00 price objective on the stock. William Blair started coverage on CoreWeave in a report on Wednesday, September 30th. They issued an "outperform" rating on the stock. Finally, Truist Financial decreased their target price on shares of CoreWeave from $165.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.69.

Insider Buying and Selling at CoreWeave

In related news, CFO Nitin Agrawal sold 22,579 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the sale, the chief financial officer owned 110,017 shares in the company, valued at $8,815,662.21. This represents a 17.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Jones sold 21,569 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98. Following the transaction, the executive owned 5,392 shares in the company, valued at $417,448.64. The trade was a 80.00% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 3,727,018 shares of company stock valued at $337,495,407. 24.20% of the stock is owned by corporate insiders.

Latest CoreWeave News

Here's some of the latest news about CRWV:

• Positive Sentiment: Strong results and higher guidance: Revenue rose 168% year over year to $3.66 billion, beating estimates, while the quarterly loss was narrower than expected. CoreWeave raised its 2026 revenue forecast to $13.0–$13.3 billion, above consensus. CNBC earnings report
• Positive Sentiment: Large backlog supports demand visibility: Contracted backlog reached about $132.5 billion, and management cited strong demand and firmer GPU pricing. The company also expects roughly $9 billion in customer prepayments and deposits over the next three months, providing funding for expansion. The Motley Fool report
• Neutral Sentiment: Analyst views are divided: Some analysts raised targets, including Citi, while others cut targets or maintained neutral/hold ratings, reflecting uncertainty over how quickly growth can translate into sustainable returns. CNBC analyst coverage

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRWV. MassMutual Private Wealth & Trust FSB grew its stake in CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company's stock valued at $27,000 after acquiring an additional 217 shares during the period. Essential Partners LLC acquired a new position in shares of CoreWeave during the second quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of CoreWeave during the first quarter worth approximately $31,000. Burnham & Co LLC bought a new position in shares of CoreWeave in the 2nd quarter worth $32,000. Finally, Allied Private Wealth LLC bought a new position in shares of CoreWeave in the 2nd quarter worth $40,000.

CoreWeave Trading Up 24.7%

The business has a fifty day moving average of $74.13 and a 200-day moving average of $89.44. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $27.89 billion, a P/E ratio of -16.65 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts' consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same quarter last year, the firm posted ($0.27) EPS. The business's revenue for the quarter was up 112.5% compared to the same quarter last year. Analysts anticipate that CoreWeave Inc. will post -4.99 earnings per share for the current fiscal year.

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

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