CoreWeave (NASDAQ:CRWV) Upgraded by BNP Paribas Exane to “Strong-Buy” Rating

BNP Paribas Exane upgraded shares of CoreWeave (NASDAQ:CRWV) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on CRWV. Mizuho lifted their target price on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Roth Mkm restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Citizens Jmp restated a “market outperform” rating and set a $180.00 target price on shares of CoreWeave in a research note on Friday, February 27th. Citigroup lifted their target price on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Evercore restated an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

CoreWeave Trading Down 7.0%

Shares of CRWV stock opened at $110.93 on Tuesday. CoreWeave has a 1 year low of $63.80 and a 1 year high of $187.00. The firm has a fifty day moving average price of $104.84 and a 200-day moving average price of $91.25. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $49.65 billion, a price-to-earnings ratio of -35.67 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $2.08 billion for the quarter. During the same period last year, the firm posted ($0.60) earnings per share. CoreWeave’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, equities analysts predict that CoreWeave will post -4.57 earnings per share for the current year.

Insiders Place Their Bets

In other CoreWeave news, insider Brian M. Venturo sold 76,924 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $102.33, for a total value of $7,871,632.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 112,111 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $130.56, for a total transaction of $14,637,212.16. Following the completion of the sale, the insider owned 241,920 shares in the company, valued at approximately $31,585,075.20. The trade was a 31.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,367,534 shares of company stock worth $3,065,455,742.

Institutional Trading of CoreWeave

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 buying an additional 653,398 shares in the last quarter. Clear Street Group Inc. raised its position in shares of CoreWeave by 57.2% during the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a $192 target, adding fresh bullish Wall Street support. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: CoreWeave’s first-to-market validation of NVIDIA’s Vera Rubin NVL72 system reinforces its AI infrastructure leadership and could attract more enterprise demand. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: Analyst upgrades, AI-sector strength, and unusually high options volume point to strong trading momentum in CRWV. CoreWeave Sees Unusually High Options Volume (NASDAQ:CRWV)
• Neutral Sentiment: Some market commentary still views CoreWeave as a valuation-dependent story, suggesting investors want more proof of execution before assigning much higher value. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by a director, COO, and major shareholder may slightly pressure sentiment, even though the transactions were disclosed and not necessarily a signal of near-term weakness. Jack D. Cogen Sells 271,153 Shares of CoreWeave

About CoreWeave

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.