Barclays Cuts CoreWeave (NASDAQ:CRWV) Price Target to $90.00

CoreWeave (NASDAQ:CRWV) had its price target cut by Barclays from $120.00 to $90.00 in a report issued on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued reports about the stock. Roth Capital reaffirmed a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a research note on Friday, May 8th. BNP Paribas Exane initiated coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective on the stock. Oppenheimer boosted their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $136.25.

CoreWeave Price Performance

Shares of CRWV opened at $81.10 on Tuesday. CoreWeave has a one year low of $63.80 and a one year high of $153.20. The stock’s fifty day moving average is $97.75 and its 200-day moving average is $95.47. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $36.30 billion, a price-to-earnings ratio of -26.08 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.60) earnings per share. Equities analysts anticipate that CoreWeave will post -4.57 EPS for the current year.

Insider Transactions at CoreWeave

In related news, insider Brian M. Venturo sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $109.03, for a total value of $40,886,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The SEC filing for this sale provides additional information. Insiders have sold 17,070,099 shares of company stock valued at $1,982,943,238 in the last quarter. Insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in shares of CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of CoreWeave in the 4th quarter valued at $28,000. Peterson Wealth Services increased its stake in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in CoreWeave in the 1st quarter worth about $31,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave (CRWV) to Buy, helping drive the shares higher as investors responded to renewed confidence in the company’s AI cloud growth story. CoreWeave Jumps 6% on Truist Buy Upgrade, Pulling Ahead of Cloudflare, Snowflake, Oracle
• Positive Sentiment: Robert W. Baird upgraded CoreWeave (CRWV) to Strong-Buy, reinforcing the bullish view that the company remains a standout “pioneer” in AI infrastructure. CoreWeave was upgraded by Robert W. Baird to strong-buy
• Positive Sentiment: Analysts highlighted CoreWeave’s rapid growth profile, including expectations for strong Q2 revenue expansion and heavy power buildout to support AI demand, which supports the stock’s premium valuation. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: Barclays reportedly lowered its expectations for CoreWeave (CRWV), which may temper some of the enthusiasm around the stock despite the broader wave of positive ratings. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price
• Negative Sentiment: News that CoreWeave’s CFO sold $5.5 million of company shares could raise investor concerns about insider confidence, even though it does not necessarily change the business outlook. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.