Citigroup Cuts CoreWeave (NASDAQ:CRWV) Price Target to $126.00

CoreWeave (NASDAQ:CRWV) had its price target lowered by Citigroup from $135.00 to $126.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

CRWV has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised shares of CoreWeave from a “hold” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $140.00 in a research report on Tuesday, January 27th. Jefferies Financial Group cut their target price on CoreWeave from $155.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. UBS Group reissued a “neutral” rating on shares of CoreWeave in a research note on Friday, January 16th. Morgan Stanley boosted their price objective on CoreWeave from $91.00 to $99.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Finally, Stifel Nicolaus set a $120.00 price objective on CoreWeave in a research report on Tuesday, November 11th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.35.

CoreWeave Stock Down 2.4%

NASDAQ CRWV opened at $72.99 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The firm has a market capitalization of $30.58 billion and a price-to-earnings ratio of -22.81. The company has a fifty day moving average of $88.48 and a two-hundred day moving average of $98.68.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The company’s quarterly revenue was up 110.4% on a year-over-year basis.

Insider Activity at CoreWeave

In other news, CEO Michael N. Intrator sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $99.95, for a total value of $4,997,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen J. Mcveety sold 2,671 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $97.92, for a total value of $261,544.32. Following the sale, the insider directly owned 120,079 shares in the company, valued at approximately $11,758,135.68. The trade was a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,621,335 shares of company stock valued at $395,458,845 over the last 90 days.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Capital LLC boosted its position in shares of CoreWeave by 49.9% in the 3rd quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock worth $6,454,000 after purchasing an additional 15,697 shares in the last quarter. Munro Partners increased its position in CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after buying an additional 605,010 shares in the last quarter. AE Wealth Management LLC purchased a new stake in CoreWeave in the third quarter valued at about $4,241,000. HWG Holdings LP purchased a new stake in CoreWeave in the third quarter valued at about $1,863,000. Finally, Liontrust Investment Partners LLP acquired a new stake in CoreWeave in the second quarter worth about $5,692,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Won a multi‑year agreement to power Perplexity’s AI inference workloads, validating CoreWeave’s performance positioning in the high‑margin inference market and supporting long‑term revenue growth. Read More.
• Positive Sentiment: Backlog surged to $66.8B (up >4x YoY), giving strong contract visibility that supports management’s aggressive expansion plan and future revenue conversion. Read More.
• Positive Sentiment: Oppenheimer initiated coverage with an “Outperform” and a $140 price target, signaling conviction in CRWV’s multi‑year growth runway despite current headwinds. Read More.
• Neutral Sentiment: Company presented at the Morgan Stanley TMT conference (analyst/transcript coverage) — useful for model/visibility but not an immediate catalyst. Read More.
• Negative Sentiment: Multiple class‑action filings and numerous law‑firm deadline notices following Q4 results — litigation risk, potential legal costs and management distraction that typically pressure share prices. Read More.
• Negative Sentiment: Large Q4 loss (~$452M), soft guidance and reports of a $30–$35B 2026 capex plan have sparked “capex shock” concerns — raises near‑term cash‑flow and profitability risk despite backlog. Read More. Read More.
• Negative Sentiment: Negative analyst moves (Sanford C. Bernstein “underperform/strong sell” coverage) and recent CFO share sales amplify downside sentiment and signal caution to some investors. Read More. Read More.

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.