CoreWeave (NASDAQ:CRWV) Trading Up 1.6% on Analyst Upgrade

Posted by Francis Steltz on Sep 24th, 2026

CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) was up 1.6% during mid-day trading on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $125.00 price target on the stock, up from their previous price target of $120.00. CoreWeave traded as high as $89.23 and last traded at $86.76. 26,248,546 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 28,585,039 shares. The stock had previously closed at $85.43.

A number of other analysts have also commented on CRWV. Barclays raised their price target on CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Btg Pactual set a $125.00 price target on CoreWeave in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of CoreWeave in a report on Monday. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Roth Capital set a $145.00 price target on shares of CoreWeave in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.78.

Get Our Latest Research Report on CRWV

Insider Activity at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the sale, the insider directly owned 220,810 shares in the company, valued at approximately $24,013,087.50. The trade was a 58.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael N. Intrator sold 278,560 shares of CoreWeave stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the transaction, the chief executive officer owned 3,138,612 shares of the company’s stock, valued at approximately $305,794,967.16. This represents a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,380,334 shares of company stock worth $561,507,579. 24.20% of the stock is owned by corporate insiders.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Positive Sentiment: JPMorgan upgraded CoreWeave to “overweight” and raised its price target to $125 from $120, implying substantial upside from the referenced $86.90 price. CoreWeave trending and JPMorgan upgrade
Positive Sentiment: UBS initiated coverage with a Buy or “strong-buy” rating and a $120 target. UBS cited resilient AI-compute demand and argued that cautious sentiment and a valuation of roughly three times expected 2027 revenue may not reflect CoreWeave’s growth prospects. UBS initiates coverage of CoreWeave
Positive Sentiment: A new multi-year agreement with Harell Data will place the customer’s secure AI model-training, fine-tuning and inference workloads on CoreWeave Cloud, supporting the company’s backlog and revenue visibility. Harell Data selects CoreWeave
Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for the third consecutive evaluation, making it the only provider to receive the highest distinction each time. The recognition reinforces its positioning on AI-cloud performance, reliability and scalability. CoreWeave earns Platinum ClusterMAX rating
Neutral Sentiment: The rollout of NVIDIA Vera Rubin NVL72 clusters and upgraded AI storage expands CoreWeave’s ability to serve large-scale training, inference and agentic-AI workloads, though the financial impact will depend on customer adoption and deployment costs.
Negative Sentiment: CoreWeave completed an upsized convertible-notes offering reported at approximately $3.7 billion in notes and $4.2 billion in total deal value. The financing supports rapid data-center expansion but increases debt, interest obligations and potential shareholder dilution. This adds to concerns reflected in the company’s 5.53 debt-to-equity ratio and 0.46 current ratio. CoreWeave convertible notes deal

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. grew its stake in shares of CoreWeave by 8.4% during the second quarter. QRG Capital Management Inc. now owns 21,810 shares of the company’s stock worth $2,171,000 after purchasing an additional 1,692 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $378,000. Envestnet Asset Management Inc. boosted its position in CoreWeave by 68.6% during the second quarter. Envestnet Asset Management Inc. now owns 71,795 shares of the company’s stock worth $7,146,000 after acquiring an additional 29,216 shares during the last quarter. State Street Corp lifted its holdings in shares of CoreWeave by 139.7% during the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after acquiring an additional 4,113,873 shares during the period. Finally, Wellington Altus USA Inc. increased its stake in CoreWeave by 256.0% during the second quarter. Wellington Altus USA Inc. now owns 534 shares of the company’s stock worth $53,000 after acquiring an additional 384 shares during the last quarter.

CoreWeave Price Performance

The firm has a market cap of $40.04 billion, a price-to-earnings ratio of -23.69 and a beta of 7.45. 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 moving average is $85.46 and its two-hundred day moving average is $94.28.

CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The business had revenue of $2.58 billion for the quarter. During the same period in the prior year, the company posted ($0.27) earnings per share. The business’s revenue was up 112.5% on a year-over-year basis. Equities research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current year.

About CoreWeave

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CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.