Citigroup Forecasts Strong Price Appreciation for CoreWeave (NASDAQ:CRWV) Stock

CoreWeave (NASDAQ:CRWV) had its target price raised by Citigroup from $155.00 to $158.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 47.25% from the company’s current price.

Several other research firms have also weighed in on CRWV. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Wolfe Research initiated coverage on CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating on shares of CoreWeave in a report on Friday, January 16th. Oppenheimer raised their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Roth Mkm reiterated a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.97.

CoreWeave Stock Performance

CRWV opened at $107.30 on Thursday. The firm has a market cap of $48.02 billion, a P/E ratio of -34.50 and a beta of 7.84. The company has a 50 day simple moving average of $97.44 and a two-hundred day simple moving average of $91.98. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.46. CoreWeave has a 1-year low of $63.80 and a 1-year high of $187.00.

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

Insider Buying and Selling

In related news, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction 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 transaction, the insider owned 285,327 shares in the company, valued at approximately $23,071,541.22. The trade was a 79.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the sale, the insider owned 282,570 shares in the company, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,875,276 shares of company stock worth $2,787,216,271 in the last 90 days.

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently modified their holdings of CRWV. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $39,824,000. Quantbot Technologies LP bought a new stake in CoreWeave during the second quarter valued at $311,000. Invesco Ltd. acquired a new position in shares of CoreWeave in the second quarter valued at $882,000. First Trust Advisors LP bought a new stake in CoreWeave during the 2nd quarter worth about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in CoreWeave in the second quarter worth about $455,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Sandboxes, a new execution layer for AI workloads designed to improve secure, isolated AI agent operations and support higher-value monetization across on-prem and serverless deployments. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a Buy rating, reinforcing Wall Street’s optimism about the company’s AI infrastructure growth story. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
• Positive Sentiment: CoreWeave was highlighted as a potential beneficiary of capital rotation into AI data center stocks, which may support sentiment toward the shares. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
• Neutral Sentiment: CoreWeave was also mentioned as a top GPU-as-a-service stock to watch, with analyst coverage still broadly constructive on the company’s long-term AI demand outlook. CoreWeave (CRWV) Is One Of Our Top Data Center GPU-As-A-Service Stock To Buy
• Neutral Sentiment: CoreWeave said it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, an event that could provide a near-term catalyst if management offers new updates. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
• Negative Sentiment: CEO Michael Intrator, co-founder Brian Venturo, and insider Jeff Baker all disclosed large stock sales over the past few days, which can weigh on investor sentiment even when some trades were made under pre-arranged plans. CoreWeave insider Form 4 filing CoreWeave insider Form 4 filing
• Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s high debt load, ongoing losses, and questions about whether its AI growth rate can stay as strong as investors expect. CoreWeave stock falls as the AI growth story slows down

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.