CoreWeave (NASDAQ:CRWV) Stock Price Target Lowered at Argus

CoreWeave (NASDAQ:CRWV) had its price target decreased by research analysts at Argus from $150.00 to $100.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Argus‘s target price suggests a potential upside of 64.55% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Btg Pactual set a $125.00 target price on CoreWeave in a research report on Monday, September 21st. Rosenblatt Securities decreased their price target on CoreWeave from $250.00 to $160.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group restated a “buy” rating on shares of CoreWeave in a research report on Thursday, October 15th. William Blair started coverage on shares of CoreWeave in a research note on Wednesday, September 30th. They set an “outperform” rating for the company. Finally, Robert W. Baird boosted their price objective on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Twenty-seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $118.14.

CoreWeave Trading Up 24.7%

Shares of NASDAQ CRWV opened at $60.77 on Thursday. The business’s 50 day moving average is $73.71 and its two-hundred day moving average is $89.28. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. CoreWeave has a 1-year low of $40.58 and a 1-year high of $138.25. The stock has a market capitalization of $27.89 billion, a P/E ratio of -12.93 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share. As a group, research analysts expect that CoreWeave will post -4.99 EPS for the current year.

Insider Transactions at CoreWeave

In other news, EVP Chen Goldberg sold 19,904 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $46.50, for a total value of $925,536.00. Following the sale, the executive vice president directly owned 68,149 shares in the company, valued at approximately $3,168,928.50. This represents a 22.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $61.16, for a total value of $407,937.20. Following the sale, the insider directly owned 14,170 shares of the company’s stock, valued at $866,637.20. This represents a 32.01% 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. In the last 90 days, insiders sold 3,727,018 shares of company stock valued at $337,495,407. Company insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

Several large investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. raised its stake in shares of CoreWeave by 55.7% during 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 increased its holdings in 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 purchasing an additional 4,113,873 shares during the period. Bank of America Corp DE raised its position in CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Amundi raised its position in CoreWeave by 266.2% during the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after purchasing an additional 2,387,337 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CoreWeave by 32.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock worth $199,410,000 after buying an additional 555,128 shares during the period.

CoreWeave News Summary

Investors following CRWV have been watching these news items:

• Positive Sentiment: Strong results and raised forecast: Third-quarter revenue rose 168% year over year to $3.66 billion, beating expectations, and the company raised its 2026 revenue outlook to $13.0 billion–$13.3 billion. Its $132.5 billion backlog and reports of robust demand for AI computing bolster the growth case. CNBC outlook report
• Positive Sentiment: Steps to finance growth: CoreWeave expects about $9 billion in customer prepayments and deposits over the next three months and is reportedly preparing a $4 billion investment-grade loan facility intended to reduce funding costs. Management has also discussed contract-backed financing and avoiding new unsecured parent-level debt at current yields. Loan facility report
• Neutral Sentiment: Execution still matters: The company’s expanding data-center footprint requires substantial capital, so investors will watch whether customer funding and financing arrangements can keep pace with capacity needs and convert its backlog into profitable growth. Wall Street Journal analysis

About CoreWeave

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.