CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Average Price Target from Analysts

CoreWeave Inc. (NASDAQ:CRWV) has been given a consensus recommendation of “Moderate Buy” by the thirty-seven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $136.25.

Several equities research analysts recently weighed in on the stock. Robert W. Baird began coverage on shares of CoreWeave in a report on Tuesday. They issued an “outperform” rating and a $100.00 price objective for the company. Barclays lowered their price objective on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Oppenheimer increased their price target on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. BTIG Research began coverage on CoreWeave in a research note on Wednesday. They issued a “buy” rating on the stock. Finally, Cantor Fitzgerald initiated coverage on CoreWeave in a report on Wednesday. They issued an “overweight” rating for the company.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, helping lift the stock as Wall Street continues to favor the company’s AI infrastructure growth story. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, adding another vote of confidence in the company’s ability to benefit from AI demand and cloud expansion. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Several pieces highlight the company’s strong revenue growth outlook and recent rebound, including commentary that CoreWeave is chasing 108% Q2 revenue growth with major power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: The CFO sold about $5.5 million of company shares, which may raise some investor caution but is not necessarily a fundamental red flag on its own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Neutral Sentiment: Analyst target updates show mixed but still constructive sentiment: one report noted a $139.69 consensus price target, while Barclays cut its target to $90 and kept an equal-weight view. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Negative Sentiment: Broader concerns remain around CoreWeave’s heavy debt load, large capital spending needs, and pressure to quickly add power capacity, which could limit upside if execution slows. CoreWeave’s AI-Native Cloud Faces the Storm

CoreWeave Stock Up 3.8%

Shares of CoreWeave stock opened at $82.64 on Thursday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave has a 1-year low of $63.80 and a 1-year high of $153.20. The business’s fifty day moving average price is $98.41 and its two-hundred day moving average price is $95.46. The company has a market capitalization of $36.99 billion, a P/E ratio of -26.57 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business 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 business’s quarterly revenue was up 111.6% on a year-over-year basis. During the same period last year, the firm posted ($0.60) earnings per share. As a group, research analysts forecast that CoreWeave will post -4.57 EPS for the current year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 53,000 shares of CoreWeave stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $86.13, for a total value of $4,564,890.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 61,797 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $86.94, for a total value of $5,372,631.18. Following the completion of the transaction, the chief executive officer directly owned 2,876,815 shares in the company, valued at $250,110,296.10. This represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 17,072,869 shares of company stock valued at $1,983,274,420. 24.20% of the stock is owned by insiders.

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its position in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave during the 3rd quarter worth about $27,000. Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in CoreWeave during the 4th quarter valued at about $28,000. Finally, Peterson Wealth Services increased its holdings in shares of CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after purchasing an additional 245 shares during the period.

CoreWeave Company Profile

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.