CoreWeave Inc. (NASDAQ:CRWV – Get Free Report)’s share price was up 8.9% on Tuesday after Robert W. Baird upgraded the stock to a strong-buy rating. The stock traded as high as $80.45 and last traded at $79.58. 23,880,139 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 28,293,385 shares. The stock had previously closed at $73.06.
A number of other brokerages have also recently commented on CRWV. Citigroup cut shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $135.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Raymond James Financial lowered shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson reissued a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Barclays cut their price objective on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average price target of $136.25.
Read Our Latest Research Report on CoreWeave
Insider Buying and Selling
Key Headlines Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Robert W. Baird upgraded CoreWeave to strong-buy, adding to a cluster of bullish analyst calls that can support the shares. Read More
- Positive Sentiment: Truist also upgraded CoreWeave to buy, with the stock jumping on the fresh endorsement as investors reacted positively to improving sentiment around the name. CoreWeave Jumps 6% on Truist Buy Upgrade, Pulling Ahead of Cloudflare, Snowflake, Oracle
- Positive Sentiment: Baird initiated coverage on CoreWeave with an outperform rating, signaling confidence in the company’s AI-cloud positioning and revenue growth potential. CoreWeave, Nebius initiated with outperform ratings at Baird
- Positive Sentiment: Analysts highlighted CoreWeave’s expected 108% second-quarter revenue growth and continued power-ramp investment, reinforcing the bullish growth narrative. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
- Neutral Sentiment: Barclays reportedly lowered its expectations for CoreWeave’s stock price, which may temper enthusiasm but does not change the longer-term growth debate. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price
- Negative Sentiment: CoreWeave’s CFO sold about $5.5 million in company shares, which some investors may view cautiously even though insider sales do not necessarily signal trouble. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
- Negative Sentiment: Articles questioning CoreWeave’s heavy debt burden and large capital-spending needs continue to underscore execution and balance-sheet risk for investors. Can CoreWeave (NASDAQ:CRWV) Outgrow Its Heavy Debt Burden?
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC grew its position in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Cullen Frost Bankers Inc. lifted its position in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the period. Greenline Wealth Management LLC acquired a new stake in CoreWeave in the 4th quarter worth about $28,000. Peterson Wealth Services boosted its stake in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after buying an additional 245 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in CoreWeave in the 1st quarter valued at about $31,000.
CoreWeave Stock Up 1.2%
The firm has a fifty day simple moving average of $98.41 and a 200 day simple moving average of $95.46. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $37.45 billion, a PE ratio of -27.08 and a beta of 7.17.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion during the quarter. During the same quarter in the previous year, the company earned ($0.60) earnings per share. The business’s revenue was up 111.6% on a year-over-year basis. Equities research analysts predict that CoreWeave Inc. will post -4.57 EPS for the current year.
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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