CoreWeave (NASDAQ:CRWV) Given New $60.00 Price Target at Stifel Nicolaus

CoreWeave (NASDAQ:CRWV) had its price objective reduced by Stifel Nicolaus from $120.00 to $60.00 in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Several other brokerages also recently weighed in on CRWV. Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. Sanford C. Bernstein lowered shares of CoreWeave from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Mizuho cut their price objective on CoreWeave from $115.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Raymond James Financial reissued an “outperform” rating and set a $75.00 price target on shares of CoreWeave in a report on Monday, October 26th. Finally, TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Twenty-six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.66.

CoreWeave Trading Up 24.7%

NASDAQ CRWV opened at $60.77 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave has a 1-year low of $40.58 and a 1-year high of $138.25. The firm’s fifty day simple moving average is $73.71 and its 200-day simple moving average is $89.28. The company has a market capitalization of $27.89 billion, a PE ratio of -12.93 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.56% and a negative return on equity of 59.42%. The business’s revenue was up 112.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) earnings per share. As a group, sell-side analysts anticipate that CoreWeave will post -4.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kristen J. Mcveety sold 156,000 shares of CoreWeave stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the transaction, the insider directly owned 123,313 shares of the company’s stock, valued at $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $95.72, for a total transaction of $19,144,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,676,815 shares of the company’s stock, valued at $160,504,731.80. This trade represents a 10.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,727,018 shares of company stock worth $337,495,407 in the last ninety days. Company insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Alyeska Investment Group L.P. grew its stake in CoreWeave by 55.7% in 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 during the period. State Street Corp increased its holdings in shares of CoreWeave by 139.7% in the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after acquiring an additional 4,113,873 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after acquiring an additional 653,398 shares in the last quarter. Amundi increased its holdings in shares of CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after acquiring an additional 2,387,337 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of CoreWeave by 32.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock worth $199,410,000 after purchasing an additional 555,128 shares during the period.

Recent CoreWeave Headlines

Investors following CRWV have been watching these headlines:

• Positive Sentiment: Strong Q3 growth and raised guidance: Revenue rose 168% year over year to $3.66 billion, beating estimates, and the quarterly loss was narrower than expected. CoreWeave raised its 2026 revenue outlook to $13.0–$13.3 billion. CNBC outlook report
• Positive Sentiment: Large backlog supports demand visibility: Contracted backlog reached about $132.5 billion, while management cited demand outpacing available capacity and stronger GPU pricing. The results also helped revive confidence in the broader AI trade. Backlog and demand report
• Negative Sentiment: Debt, interest costs and cash needs remain key risks: The buildout is capital-intensive, and investors remain concerned about leverage, borrowing costs and whether customer prepayments and contract-backed financing will be sufficient to fund expansion. Funding strategy report

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.