CoreWeave’s (CRWV) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of CoreWeave (NASDAQ:CRWV) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $250.00 target price on the stock.

Several other analysts have also weighed in on CRWV. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. BNP Paribas Exane initiated coverage on CoreWeave in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price for the company. Mizuho lowered their price target on CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Weiss Ratings upgraded CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Finally, Truist Financial raised CoreWeave from a “hold” rating to a “buy” rating and dropped their price target for the company from $131.00 to $126.00 in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.67.

CoreWeave Price Performance

CRWV opened at $90.67 on Wednesday. The company has a 50-day moving average of $91.81 and a 200-day moving average of $94.86. The company has a market capitalization of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44. CoreWeave has a 1-year low of $60.55 and a 1-year high of $153.20. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s revenue was up 111.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.60) earnings per share. Equities analysts expect that CoreWeave will post -5.7 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other news, insider Brian M. Venturo sold 375,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $101.24, for a total value of $37,965,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the sale, the chief executive officer owned 3,138,612 shares of the company’s stock, valued at approximately $305,794,967.16. This trade represents a 8.15% 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. In the last ninety days, insiders sold 9,718,798 shares of company stock valued at $972,747,064. 24.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave during the 2nd quarter worth $39,824,000. Quantbot Technologies LP acquired a new position in shares of CoreWeave in the 2nd quarter valued at $311,000. Invesco Ltd. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $882,000. First Trust Advisors LP purchased a new position in CoreWeave in the 2nd quarter worth about $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in CoreWeave in the 2nd quarter worth about $455,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

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.