CoreWeave (NASDAQ:CRWV) Stock Price Target Cut by Rosenblatt Securities

CoreWeave (NASDAQ:CRWV) had its price target dropped by stock analysts at Rosenblatt Securities from $250.00 to $160.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities‘s price objective suggests a potential upside of 224.45% from the stock’s current price.

Several other brokerages have also recently issued reports on CRWV. Roth Capital set a $145.00 price objective on shares of CoreWeave in a research note on Thursday, August 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of CoreWeave in a research note on Monday, October 19th. Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a report on Monday, September 21st. Piper Sandler dropped their price target on CoreWeave from $153.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Finally, Btg Pactual set a $125.00 price target on CoreWeave in a research report on Monday, September 21st. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and an average target price of $125.76.

CoreWeave Price Performance

CRWV stock traded up $2.91 during trading on Monday, hitting $49.31. The stock had a trading volume of 17,975,629 shares, compared to its average volume of 32,055,008. 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 twelve month low of $40.58 and a twelve month high of $138.25. The stock has a market capitalization of $22.63 billion, a P/E ratio of -13.60 and a beta of 7.71. The company’s 50-day moving average price is $75.56 and its two-hundred day moving average price is $89.88.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s revenue was up 112.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) EPS. As a group, research analysts predict that CoreWeave will post -4.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nitin Agrawal sold 22,579 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the completion of the sale, the chief financial officer owned 110,017 shares in the company, valued at $8,815,662.21. This trade represents a 17.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Jones sold 21,569 shares of CoreWeave stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the sale, the executive directly owned 5,392 shares in the company, valued at approximately $417,448.64. The trade was a 80.00% decrease in their position. 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. Over the last 90 days, insiders have sold 4,021,100 shares of company stock worth $364,306,253. 24.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after buying an additional 217 shares in the last quarter. Essential Partners LLC bought a new position in shares of CoreWeave during the second quarter worth $30,000. Cassaday & Co Wealth Management LLC purchased a new position in CoreWeave during the first quarter valued at $31,000. Burnham & Co LLC purchased a new position in CoreWeave during the second quarter valued at $32,000. Finally, Allied Private Wealth LLC purchased a new position in CoreWeave during the second quarter valued at $40,000.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave signed a multi-year agreement with autonomous-driving company Wayve to provide Blackwell AI infrastructure. The deal expands its “physical AI” customer base, though financial terms were not disclosed. Article: CoreWeave Signs Multi-Year Deal With Wayve
• Positive Sentiment: Reports point to a $104 billion backlog and expectations for 159% year-over-year revenue growth, highlighting substantial demand for CoreWeave’s AI-computing capacity. Investors will look for evidence in the earnings report that growth can translate into sustainable cash flow. Article: CoreWeave Q3 earnings
• Neutral Sentiment: With local opposition to data centers intensifying in Texas, CoreWeave has contacted governor-elect Gina Hinojosa and said communities should benefit from projects without bearing their costs. The outreach may help address concerns, but policy and permitting uncertainty remain. Article: CoreWeave Makes Big Promise to Texas Governor-Elect
• Negative Sentiment: Credit-market stress is a key overhang: reports say CoreWeave bond yields have climbed above 16%, with some coverage citing yields above 17%. That signals lenders see elevated risk and could make it more expensive for the capital-intensive company to fund expansion. Article: CoreWeave confronts neocloud credit risk
• Negative Sentiment: Investors are also focused on substantial debt and interest expense, with one earnings preview citing about $900 million in quarterly interest. These costs could limit the benefit of rapid revenue growth and heighten the need for successful financing and execution. Article: CoreWeave Q3 earnings
• Negative Sentiment: CRWV has fallen more than 40% over the past month and is approaching a fresh 18-month low, reflecting the market’s concerns about credit risk, funding needs and data-center uncertainty ahead of earnings. A reported $925,536 stock sale by an executive adds a modest additional negative signal. Article: CoreWeave Stock Drops as CEO Pushes for Texas Data-Center Clarity

CoreWeave Company Profile

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.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.