CoreWeave (NASDAQ:CRWV) Price Target Raised to $167.00

CoreWeave (NASDAQ:CRWV) had its target price raised by Cantor Fitzgerald from $156.00 to $167.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Oppenheimer upped their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. Jefferies Financial Group increased their target price on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Roth Mkm reaffirmed a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Finally, Mizuho increased their target price on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.88.

CoreWeave Trading Up 3.3%

Shares of CRWV opened at $111.31 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.46 and a debt-to-equity ratio of 3.68. CoreWeave has a 12-month low of $61.33 and a 12-month high of $187.00. The firm has a 50-day moving average price of $96.08 and a 200 day moving average price of $92.00. The firm has a market capitalization of $49.82 billion, a P/E ratio of -35.79 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion during the quarter. The firm’s revenue for the quarter was up 110.4% on a year-over-year basis. Sell-side analysts forecast that CoreWeave will post -4.15 EPS for the current year.

Insider Activity

In other news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the transaction, the insider owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian M. Venturo sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the completion of the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. The trade was a 79.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 24,448,144 shares of company stock valued at $2,741,354,245.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRWV. AE Wealth Management LLC acquired a new stake in CoreWeave in the third quarter valued at approximately $4,241,000. Vanguard Group Inc. raised its holdings in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares in the last quarter. Finally, Hidden Lake Asset Management LP acquired a new stake in CoreWeave during the third quarter worth approximately $14,814,000.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave continues to benefit from strong AI infrastructure demand, with recent coverage highlighting $2.1 billion in Q1 revenue and a $99.4 billion backlog. Article Title
• Positive Sentiment: Wall Street remains broadly constructive, with multiple firms raising price targets and maintaining bullish ratings on CRWV. Article Title
• Positive Sentiment: CoreWeave said it ranked No. 1 for inference speed and price-performance in an independent benchmark for Moonshot AI’s Kimi K2.6 model, reinforcing its competitiveness in AI cloud infrastructure. Article Title
• Neutral Sentiment: CoreWeave announced it will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which is mainly an investor-relations event unless it delivers new business updates. Article Title
• Negative Sentiment: COO Sachin Jain sold 14,750 shares, a transaction that can weigh on sentiment even though the company said it was tied to tax withholding on vesting equity awards. Article Title
• Negative Sentiment: Additional coverage has highlighted concerns that CoreWeave’s AI growth story could be slowing, while heavy debt and ongoing losses remain key investor worries. Article Title

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.