CoreWeave (NASDAQ:CRWV) Stock Bumped Up to “Buy” by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of CoreWeave (NASDAQ:CRWV) from a neutral rating to a buy rating in a research report released on Monday, MarketBeat reports. They currently have $106.00 price target on the stock.

Several other research firms have also recently commented on CRWV. Btg Pactual set a $125.00 price objective on CoreWeave in a research report on Monday, September 21st. Truist Financial lifted their price objective on CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. Barclays raised their price target on shares of CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, UBS Group initiated coverage on shares of CoreWeave in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $120.00 price target for the company. Twenty-five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $135.15.

CoreWeave Price Performance

Shares of CRWV opened at $61.12 on Monday. The business’s fifty day simple moving average is $86.47 and its two-hundred day simple moving average is $94.48. 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 12 month low of $59.25 and a 12 month high of $141.79.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business had revenue of $2.58 billion during the quarter. During the same period in the previous year, the business posted ($0.27) EPS. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. On average, equities analysts expect that CoreWeave will post -5.19 earnings per share for the current year.

Insider Activity at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $66.62, for a total transaction of $13,324,000.00. Following the transaction, the chief executive officer owned 2,276,815 shares in the company, valued at $151,681,415.30. This trade represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the sale, the insider directly owned 220,810 shares of the company’s stock, valued at approximately $24,013,087.50. The trade was a 58.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,352,578 shares of company stock worth $471,777,344 over the last quarter. Insiders own 24.20% of the company’s stock.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of CoreWeave by 241.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after acquiring an additional 217 shares during the last quarter. Essential Partners LLC purchased a new position in CoreWeave during the second quarter valued at $30,000. Peterson Wealth Services increased its holdings in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in CoreWeave in the 1st quarter valued at $31,000. Finally, Burnham & Co LLC bought a new stake in CoreWeave in the 2nd quarter valued at $32,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Goldman Sachs upgraded CoreWeave from Neutral to Buy and set a $106 price target, citing strong contract economics and recovery potential after the recent selloff. CoreWeave Upgraded to Buy After Last Week’s Steep Decline
• Positive Sentiment: The bullish case points to CoreWeave’s roughly $104 billion backlog, its Nvidia relationship and the scarcity of permitted, powered data centers. Microsoft reportedly shelving an internal data-center project could further support demand for independent providers. CoreWeave Jumps as Goldman Sachs Upgrades
• Positive Sentiment: Recent results showed revenue of approximately $2.58 billion, up 112% year over year, while the quarterly loss was narrower than analysts expected. Some analysts argue the selloff has overcorrected and that the valuation now reflects substantial financing risk.
• Neutral Sentiment: CoreWeave’s operating growth remains strong, but investors are waiting for evidence that future cash flow can support debt service, capital spending and improving margins.
• Negative Sentiment: The company carries approximately $35 billion of debt, a debt-to-equity ratio above 5 and a current ratio of only 0.46. Bond yields reportedly reached about 15%, raising the cost of refinancing and increasing concern about liquidity. CoreWeave’s 15% Bond Yield
• Negative Sentiment: Higher interest rates could prolong losses because CoreWeave already reported substantial interest expense. Credit-market stress has led some commentators to call the company a warning sign for debt-financed AI infrastructure.
• Negative Sentiment: Insider and founder selling—reported at billions of dollars since the IPO—has added technical and confidence pressure. In addition, MoffettNathanson and BNP lowered their price targets, citing deteriorating investor sentiment. BNP Cuts CoreWeave Target

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.