CoreWeave (NASDAQ:CRWV) Stock Gets Price Target Reduction from Argus

CoreWeave (NASDAQ:CRWV) had its target price cut by Argus from $150.00 to $100.00 in a research note published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of CoreWeave from $120.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised shares of CoreWeave from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $125.00 in a research note on Thursday, September 24th. Deutsche Bank reaffirmed a “buy” rating and set a $150.00 target price (up from $135.00) on shares of CoreWeave in a research note on Friday, August 7th. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their price target on shares of CoreWeave from $160.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, November 9th. Twenty-six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.66.

CoreWeave Trading Down 6.1%

CRWV traded down $3.47 during mid-day trading on Thursday, hitting $53.13. 79,777,131 shares of the stock were exchanged, compared to its average volume of 74,274,896. The firm’s fifty day moving average is $72.60 and its two-hundred day moving average is $88.80. CoreWeave has a 1-year low of $40.58 and a 1-year high of $138.25. The company has a market cap of $24.38 billion, a PE ratio of -11.30 and a beta of 7.71. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, November 10th. The company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($1.45) by $0.50. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.54 billion. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. CoreWeave’s revenue was up 168.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) EPS. Equities analysts forecast that CoreWeave will post -4.99 earnings per share for the current fiscal year.

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $95.72, for a total transaction of $19,144,000.00. Following the sale, the chief executive officer directly owned 1,676,815 shares in the company, valued at approximately $160,504,731.80. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kristen J. Mcveety sold 156,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the completion of the sale, the insider directly owned 123,313 shares in the company, valued at approximately $10,066,040.19. This trade represents a 55.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,419,887 shares of company stock valued at $304,094,910. 24.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. lifted its position in shares of CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock worth $1,084,117,000 after purchasing an additional 3,897,741 shares during the last quarter. State Street Corp grew its stake 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 worth $702,638,000 after purchasing an additional 4,113,873 shares in the last quarter. Bank of America Corp DE increased its holdings in CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares during the last quarter. First Trust Advisors LP raised its stake in CoreWeave by 27.2% in the third quarter. First Trust Advisors LP now owns 3,470,404 shares of the company’s stock valued at $302,342,000 after buying an additional 741,620 shares in the last quarter. Finally, Amundi raised its stake in CoreWeave by 266.2% in 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 in the last quarter.

Key Headlines Impacting CoreWeave

These are some of the CRWV headlines that stood out recently:

• Positive Sentiment: CoreWeave reported Q3 revenue of $3.66 billion, up 168% year over year and above expectations, and raised its 2026 revenue outlook to $13.0–$13.3 billion. Its $132.5 billion backlog and reports that AI demand exceeds available capacity underpin expectations for continued growth. Q3 earnings impress, outlook raised
• Neutral Sentiment: Analyst actions were mixed: Barclays cut its target to $85 and kept an Equal Weight rating, while Argus lowered its target to $100 but maintained Buy. The revisions reflect continued debate over valuation and execution. Barclays lowers price target
• Negative Sentiment: Debt remains a central risk: reports cite net debt of roughly $42.7 billion, high interest costs and potential dilution, while rapid revenue growth has not yet translated into consistent profitability. Is CoreWeave making money?

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.