CoreWeave (NASDAQ:CRWV – Get Free Report) had its target price increased by equities research analysts at Citigroup from $142.00 to $159.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 51.02% from the company’s current price.
CRWV has been the topic of several other research reports. Wolfe Research restated an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Jefferies Financial Group downgraded shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Raymond James Financial cut CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald set a $176.00 price objective on CoreWeave and gave the stock an “overweight” rating in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday. Twenty-two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.72.
Check Out Our Latest Stock Report on CoreWeave
CoreWeave Trading Down 0.9%
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 51.06%. CoreWeave’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.27) EPS. On average, analysts predict that CoreWeave will post -5.05 earnings per share for the current fiscal year.
Insider Transactions at CoreWeave
In other news, COO Sachin Jain sold 13,608 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $92.09, for a total value of $1,253,160.72. Following the completion of the transaction, the chief operating officer owned 147,785 shares in the company, valued at $13,609,520.65. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 53,000 shares of CoreWeave stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $89.73, for a total value of $4,755,690.00. 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 90 days, insiders sold 9,434,966 shares of company stock valued at $929,811,231. Insiders own 24.20% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. White Knight Strategic Wealth Advisors LLC boosted its stake in CoreWeave by 7.1% during the second quarter. White Knight Strategic Wealth Advisors LLC now owns 3,565 shares of the company’s stock worth $355,000 after acquiring an additional 235 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of CoreWeave by 19.5% during the second quarter. Legal & General Group Plc now owns 1,332,209 shares of the company’s stock valued at $132,608,000 after purchasing an additional 217,003 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of CoreWeave by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,616 shares of the company’s stock worth $2,351,000 after purchasing an additional 1,536 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of CoreWeave by 33.1% in the 2nd quarter. Jones Financial Companies Lllp now owns 149,241 shares of the company’s stock worth $14,414,000 after purchasing an additional 37,104 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of CoreWeave by 48.2% in the 2nd quarter. Cibc World Market Inc. now owns 47,818 shares of the company’s stock worth $4,760,000 after buying an additional 15,559 shares during the last quarter.
Trending Headlines about CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave reported 112% year-over-year revenue growth to approximately $2.6 billion, exceeded earnings expectations and generated $1.51 billion in adjusted EBITDA. The adjusted EBITDA margin increased to 59%, suggesting that demand is improving profitability as well as revenue. CoreWeave: Irrational AI CapEx Fear Leads To Golden Investment Opportunity
- Positive Sentiment: Backlog reached a record $104.2 billion, or $129.2 billion including incremental commitments, reinforcing visibility into future revenue and supporting the company’s aggressive expansion plans. Full-year revenue guidance was raised to $12.4 billion-$13.2 billion. CoreWeave: Buy The AI Backlog, But Watch The Debt
- Positive Sentiment: Analysts remain constructive: Robert W. Baird raised its price target to $130, while Cantor Fitzgerald reportedly maintained a $178 target. Wedbush and other commentators said rising AI data-center pricing and constrained compute supply should continue benefiting CoreWeave. Robert W. Baird Raises CoreWeave Price Target
- Positive Sentiment: Strong results from CoreWeave, Nebius and other AI-infrastructure companies are easing fears of an AI bubble by demonstrating that hyperscaler spending is translating into monetized demand for GPU computing. Dan Ives Says AI Has Entered Monetization Phase
- Neutral Sentiment: The company plans to spend $35 billion-$39 billion on capital expenditures to build capacity. The backlog and more than $25 billion in new commitments support the investment, but execution and financing will be critical.
- Negative Sentiment: CoreWeave remains heavily leveraged, with substantial interest expense and a debt-financed expansion strategy. Analysts have warned that shorter customer contracts, high financing costs and any slowdown in AI spending could pressure cash flow and valuation. CoreWeave Q2: Contracts Are Getting Shorter, Debt Isn’t
- Negative Sentiment: CEO Michael Intrator and co-founder Brannin McBee disclosed sizable stock sales under pre-arranged Rule 10b5-1 plans. Although scheduled sales do not necessarily signal a change in business outlook, they can weigh on sentiment after the post-earnings surge.
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.
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