CoreWeave (NASDAQ:CRWV) Price Target Raised to $105.00 at Wells Fargo & Company

CoreWeave (NASDAQ:CRWV) had its price target lifted by Wells Fargo & Company from $60.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also recently issued reports on CRWV. Stifel Nicolaus increased their price objective on CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday. Argus initiated coverage on CoreWeave in a report on Friday, July 11th. They issued a “buy” rating and a $200.00 target price for the company. The Goldman Sachs Group lifted their target price on CoreWeave from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, May 16th. HC Wainwright reiterated a “neutral” rating on shares of CoreWeave in a report on Wednesday. Finally, Moffett Nathanson initiated coverage on CoreWeave in a report on Monday, May 5th. They issued a “neutral” rating and a $43.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $99.80.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $117.76 on Wednesday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The firm has a 50 day moving average price of $141.16.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. CoreWeave’s revenue was up 206.7% compared to the same quarter last year.

Hedge Funds Weigh In On CoreWeave

Large investors have recently bought and sold shares of the stock. Western Pacific Wealth Management LP acquired a new position in CoreWeave in the second quarter valued at $82,000. RFG Holdings Inc. acquired a new position in CoreWeave in the second quarter valued at $1,450,000. Aua Capital Management LLC acquired a new position in CoreWeave in the second quarter valued at $397,000. Sivia Capital Partners LLC acquired a new position in CoreWeave in the second quarter valued at $39,824,000. Finally, Wesbanco Bank Inc. acquired a new position in CoreWeave in the second quarter valued at $212,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.