CoreWeave (NASDAQ:CRWV) Stock Jumps 24.7% After Analyst Upgrade

Posted by Geri Gentry on Nov 11th, 2026

CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) shares rose 24.7% on Wednesday after Citigroup raised their price target on the stock from $128.00 to $149.00. Citigroup currently has a buy rating on the stock. CoreWeave traded as high as $62.03 and last traded at $60.77. Approximately 155,875,829 shares changed hands during mid-day trading, an increase of 372% from the average session volume of 33,039,883 shares. The stock had previously closed at $48.73.

A number of other research firms also recently issued reports on CRWV. Truist Financial cut their price target on CoreWeave from $165.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group lowered their price objective on CoreWeave from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Stifel Nicolaus dropped their target price on CoreWeave from $120.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday. William Blair initiated coverage on CoreWeave in a report on Wednesday, September 30th. They issued an “outperform” rating on the stock. Finally, TD Cowen raised CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.69.

Read Our Latest Report on CRWV

Insider Buying and Selling

In related news, insider Jeff Baker sold 6,670 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider directly owned 14,170 shares of the company’s stock, valued at $866,637.20. This trade represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Chen Goldberg sold 19,904 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $46.50, for a total transaction of $925,536.00. Following the transaction, the executive vice president directly owned 68,149 shares in the company, valued at $3,168,928.50. The trade was a 22.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,727,018 shares of company stock valued at $337,495,407 over the last 90 days. 24.20% of the stock is currently owned by company insiders.

Key Stories Impacting CoreWeave

Here are a few of the latest stories about CRWV:

Positive Sentiment: Strong results and higher guidance: Revenue rose 168% year over year to $3.66 billion, beating estimates, while the quarterly loss was narrower than expected. CoreWeave raised its 2026 revenue forecast to $13.0–$13.3 billion, above consensus. CNBC earnings report
Positive Sentiment: Large backlog supports demand visibility: Contracted backlog reached about $132.5 billion, and management cited strong demand and firmer GPU pricing. The company also expects roughly $9 billion in customer prepayments and deposits over the next three months, providing funding for expansion. The Motley Fool report
Negative Sentiment: Financing and execution risks remain: The data-center buildout is capital-intensive. CoreWeave is relying on customer prepayments and loans backed by contracts, while turning to shorter-term deals; high interest costs and dependence on continued access to financing remain concerns. TechCrunch financing report

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently modified their holdings of CRWV. Alyeska Investment Group L.P. grew its holdings in shares of CoreWeave by 55.7% in the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares in the last quarter. State Street Corp lifted its holdings in 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 acquiring an additional 4,113,873 shares during the period. Bank of America Corp DE boosted its position 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 worth $437,870,000 after purchasing an additional 653,398 shares during the last quarter. Amundi boosted its position in CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after purchasing an additional 2,387,337 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in CoreWeave by 32.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock valued at $199,410,000 after purchasing an additional 555,128 shares during the period.

CoreWeave Price Performance

The stock has a market cap of $27.89 billion, a P/E ratio of -16.65 and a beta of 7.71. 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 business has a 50 day simple moving average of $74.13 and a 200-day simple moving average of $89.44.

CoreWeave (NASDAQ:CRWV – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. On average, sell-side analysts forecast that CoreWeave Inc. will post -4.99 EPS for the current year.

About CoreWeave

(Get Free Report)

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.