Wells Fargo & Company Upgrades CoreWeave (NASDAQ:CRWV) to Overweight

Key Points

• Wells Fargo & Company upgraded CoreWeave (NASDAQ:CRWV) to an "overweight" rating, raising its price objective from $105.00 to $170.00, indicating a potential upside of 27.60% from the previous close.
• CoreWeave has seen significant analyst interest, with multiple firms issuing ratings from "buy" to "outperform," leading to a consensus rating of "Moderate Buy" and a consensus price target of $123.42.
• Despite recently reporting a quarterly earnings miss with a loss of ($0.27) per share, CoreWeave's revenue increased by 206.7% year-over-year, totaling $1.21 million.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by research analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $170.00 price objective on the stock, up from their previous price objective of $105.00. Wells Fargo & Company's price target suggests a potential upside of 27.60% from the company's previous close.

Several other brokerages also recently weighed in on CRWV. Loop Capital initiated coverage on shares of CoreWeave in a research report on Friday. They set a "buy" rating and a $165.00 price objective for the company. Northland Securities boosted their price objective on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Macquarie upped their price target on shares of CoreWeave from $65.00 to $115.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. HC Wainwright upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research report on Thursday, August 21st. Finally, Bank of America reduced their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.42.

CoreWeave Trading Up 6.7%

NASDAQ CRWV opened at $133.23 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The business's 50 day moving average price is $111.41.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data 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 for the quarter. The company's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 734,110 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $132.42, for a total value of $97,210,846.20. Following the transaction, the insider directly owned 360,900 shares in the company, valued at approximately $47,790,378. This represents a 67.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian M. Venturo sold 281,250 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $118.68, for a total transaction of $33,378,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,826,137 shares of company stock worth $1,965,482,165.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Centaurus Financial Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth about $138,000. Squarepoint Ops LLC purchased a new position in shares of CoreWeave during the 2nd quarter worth about $629,000. Munro Partners purchased a new position in shares of CoreWeave during the 2nd quarter worth about $1,871,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth about $467,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth about $1,019,000.

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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