Brokerages Set CoreWeave Inc. (NASDAQ:CRWV) PT at $126.69

CoreWeave Inc. (NASDAQ:CRWV) has earned a consensus recommendation of “Moderate Buy” from the thirty-three ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $131.0938.

A number of analysts recently commented on CRWV shares. Wells Fargo & Company boosted their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research report on Monday. Macquarie Infrastructure restated a “neutral” rating and set a $115.00 target price on shares of CoreWeave in a research report on Tuesday, January 27th. Finally, Wolfe Research started coverage on shares of CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
• Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
• Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
• Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
• Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
• Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
• Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing

Insider Transactions at CoreWeave

In other news, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $80.86, for a total value of $90,967,500.00. Following the completion of the transaction, the insider owned 285,327 shares of the company’s stock, valued at $23,071,541.22. The trade was a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 24,307,514 shares of company stock valued at $2,719,871,811.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC grew its stake in 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 buying an additional 251 shares during the period. OLD Second National Bank of Aurora purchased a new stake in CoreWeave during the third quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new stake in CoreWeave during the third quarter worth approximately $27,000. Aspect Partners LLC purchased a new stake in CoreWeave during the third quarter worth approximately $28,000. Finally, Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the period.

CoreWeave Trading Down 11.4%

NASDAQ CRWV opened at $114.15 on Friday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s fifty day moving average price is $94.19 and its 200 day moving average price is $92.34. The company has a market capitalization of $50.57 billion, a price-to-earnings ratio of -36.70 and a beta of 7.84. CoreWeave has a 12 month low of $50.18 and a 12 month high of $187.00.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 47.88%. The company’s quarterly revenue was up 110.4% compared to the same quarter last year. On average, sell-side analysts expect that CoreWeave will post -4.15 earnings per share for the current fiscal year.

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.