Wells Fargo & Company Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price

CoreWeave (NASDAQ:CRWV) had its target price dropped by stock analysts at Wells Fargo & Company from $160.00 to $115.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 136.41% from the company’s previous close.

Other equities analysts have also issued reports about the company. Robert W. Baird lifted their price objective on CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research report on Thursday, August 13th. BNP Paribas Exane reissued an “outperform” rating and set a $117.00 target price on shares of CoreWeave in a research report on Monday, October 19th. Piper Sandler cut their price target on shares of CoreWeave from $153.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Finally, Truist Financial lifted their price target on shares of CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.19.

CoreWeave Trading Up 4.8%

Shares of CRWV traded up $2.24 during trading hours on Monday, hitting $48.64. The stock had a trading volume of 9,703,846 shares, compared to its average volume of 32,017,873. CoreWeave has a 12-month low of $40.58 and a 12-month high of $138.25. The firm has a market cap of $22.32 billion, a P/E ratio of -13.34 and a beta of 7.71. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company’s fifty day simple moving average is $75.56 and its 200 day simple moving average is $89.88.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s revenue was up 112.5% on a year-over-year basis. During the same period last year, the firm posted ($0.27) EPS. Equities research analysts forecast that CoreWeave will post -4.97 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Kristen J. Mcveety sold 156,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $81.63, for a total value of $12,734,280.00. Following the transaction, the insider directly owned 123,313 shares of the company’s stock, valued at $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $95.72, for a total value of $19,144,000.00. Following the transaction, the chief executive officer owned 1,676,815 shares in the company, valued at approximately $160,504,731.80. This represents a 10.66% 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. Insiders have sold 4,021,100 shares of company stock valued at $364,306,253 over the last three months. 24.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Essential Partners LLC bought a new stake in CoreWeave in the second quarter valued at $30,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CoreWeave by 241.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after acquiring an additional 217 shares during the period. Burnham & Co LLC bought a new position in shares of CoreWeave during the second quarter worth about $32,000. Cassaday & Co Wealth Management LLC bought a new position in shares of CoreWeave during the first quarter worth about $31,000. Finally, Allied Private Wealth LLC bought a new position in shares of CoreWeave during the second quarter worth about $40,000.

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.