CoreWeave (NASDAQ:CRWV) Given New $160.00 Price Target at Rosenblatt Securities

CoreWeave (NASDAQ:CRWV) had its price objective cut by stock analysts at Rosenblatt Securities from $250.00 to $160.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities‘s target price would indicate a potential upside of 224.45% from the company’s previous close.

CRWV has been the topic of a number of other research reports. HSBC reaffirmed a “reduce” rating and set a $39.00 price target on shares of CoreWeave in a research note on Tuesday, October 20th. Truist Financial lifted their price objective on shares of CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Rothschild & Co Redburn initiated coverage on shares of CoreWeave in a report on Monday, September 21st. They issued a “sell” rating and a $54.00 target price on the stock. Roth Capital set a $145.00 target price on shares of CoreWeave in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Monday, October 19th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.76.

CoreWeave Price Performance

NASDAQ:CRWV traded up $2.91 during trading hours on Monday, reaching $49.31. The stock had a trading volume of 17,975,629 shares, compared to its average volume of 32,055,008. The stock has a market capitalization of $22.63 billion, a PE ratio of -13.60 and a beta of 7.71. CoreWeave has a 52 week low of $40.58 and a 52 week high of $138.25. The company has a 50 day moving average price of $75.56 and a two-hundred day moving average price of $89.88. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last posted its 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 return on equity of 47.95% and a negative net margin of 25.41%. The firm had revenue of $2.58 billion during the quarter. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The firm’s revenue was up 112.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CoreWeave will post -4.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CoreWeave news, CRO Jonathan Jones sold 21,569 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $77.42, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, insider Brian M. Venturo sold 65,616 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $87.69, for a total transaction of $5,753,867.04. Following the completion of the sale, the insider directly owned 302,526 shares in the company, valued at approximately $26,528,504.94. This represents a 17.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 4,021,100 shares of company stock valued at $364,306,253 over the last 90 days. 24.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoreWeave

Several hedge funds have recently added to or reduced their stakes in CRWV. State Street Corp boosted its position in shares of CoreWeave by 139.7% during the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after buying an additional 4,113,873 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of CoreWeave by 55.7% during the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after buying an additional 3,897,741 shares during the last quarter. Amundi grew its stake in shares of CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of CoreWeave in the second quarter worth approximately $127,936,000. Finally, Jennison Associates LLC purchased a new stake in shares of CoreWeave in the first quarter worth approximately $95,135,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave signed a multi-year agreement with autonomous-driving company Wayve to provide Blackwell AI infrastructure. The deal expands its “physical AI” customer base, though financial terms were not disclosed. Article: CoreWeave Signs Multi-Year Deal With Wayve
• Positive Sentiment: Reports point to a $104 billion backlog and expectations for 159% year-over-year revenue growth, highlighting substantial demand for CoreWeave’s AI-computing capacity. Investors will look for evidence in the earnings report that growth can translate into sustainable cash flow. Article: CoreWeave Q3 earnings
• Neutral Sentiment: With local opposition to data centers intensifying in Texas, CoreWeave has contacted governor-elect Gina Hinojosa and said communities should benefit from projects without bearing their costs. The outreach may help address concerns, but policy and permitting uncertainty remain. Article: CoreWeave Makes Big Promise to Texas Governor-Elect
• Negative Sentiment: Credit-market stress is a key overhang: reports say CoreWeave bond yields have climbed above 16%, with some coverage citing yields above 17%. That signals lenders see elevated risk and could make it more expensive for the capital-intensive company to fund expansion. Article: CoreWeave confronts neocloud credit risk
• Negative Sentiment: Investors are also focused on substantial debt and interest expense, with one earnings preview citing about $900 million in quarterly interest. These costs could limit the benefit of rapid revenue growth and heighten the need for successful financing and execution. Article: CoreWeave Q3 earnings
• Negative Sentiment: CRWV has fallen more than 40% over the past month and is approaching a fresh 18-month low, reflecting the market’s concerns about credit risk, funding needs and data-center uncertainty ahead of earnings. A reported $925,536 stock sale by an executive adds a modest additional negative signal. Article: CoreWeave Stock Drops as CEO Pushes for Texas Data-Center Clarity

CoreWeave Company Profile

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.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.