CoreWeave (NASDAQ:CRWV) Price Target Raised to $149.00

CoreWeave (NASDAQ:CRWV) had its price target upped by Citigroup from $128.00 to $149.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also commented on CRWV. Sanford C. Bernstein lowered shares of CoreWeave from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Rothschild & Co Redburn began coverage on shares of CoreWeave in a research note on Monday, September 21st. They set a “sell” rating and a $54.00 target price on the stock. William Blair began coverage on shares of CoreWeave in a research note on Wednesday, September 30th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. upgraded CoreWeave from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $125.00 in a report on Thursday, September 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CoreWeave in a research report on Thursday, October 15th. Twenty-six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.66.

CoreWeave Stock Performance

Shares of CRWV opened at $53.13 on Wednesday. CoreWeave has a one year low of $40.58 and a one year high of $138.25. The company has a 50-day moving average of $72.60 and a two-hundred day moving average of $88.80. The stock has a market cap of $24.38 billion, a price-to-earnings ratio of -11.30 and a beta of 7.71. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, November 10th. The company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($1.45) by $0.50. CoreWeave had a negative net margin of 25.56% and a negative return on equity of 59.42%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the firm posted ($0.22) earnings per share. The firm’s quarterly revenue was up 168.2% compared to the same quarter last year. On average, equities research analysts expect that CoreWeave will post -4.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Chen Goldberg sold 19,904 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $46.50, for a total transaction of $925,536.00. Following the transaction, the executive vice president directly owned 68,149 shares of the company’s stock, valued at approximately $3,168,928.50. The trade was a 22.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider directly owned 14,170 shares in the company, valued at $866,637.20. The trade was a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 3,419,887 shares of company stock valued at $304,094,910 over the last ninety days. Insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

Institutional investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. increased its stake in shares of CoreWeave by 55.7% in the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock worth $1,084,117,000 after acquiring an additional 3,897,741 shares during the last quarter. State Street Corp raised its holdings in shares of CoreWeave by 139.7% during 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 boosted its position in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after purchasing an additional 653,398 shares during the last quarter. First Trust Advisors LP boosted its position in CoreWeave by 27.2% during the third quarter. First Trust Advisors LP now owns 3,470,404 shares of the company’s stock valued at $302,342,000 after purchasing an additional 741,620 shares during the last quarter. Finally, Amundi grew its stake in CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after purchasing an additional 2,387,337 shares in the last quarter.

Recent CoreWeave Headlines

Investors following CRWV have been watching these headlines:

• Positive Sentiment: CoreWeave reported Q3 revenue of $3.66 billion, up 168% year over year and above expectations, and raised its 2026 revenue outlook to $13.0–$13.3 billion. Its $132.5 billion backlog and reports that AI demand exceeds available capacity underpin expectations for continued growth. Q3 earnings impress, outlook raised
• Neutral Sentiment: Analyst actions were mixed: Barclays cut its target to $85 and kept an Equal Weight rating, while Argus lowered its target to $100 but maintained Buy. The revisions reflect continued debate over valuation and execution. Barclays lowers price target
• Negative Sentiment: Reports that Microsoft is reevaluating neocloud contracts and prioritizing its own data centers—and questions about future Nvidia backing following reports involving Jensen Huang—have raised concerns about customers, funding and the value of CoreWeave’s chip investments. Microsoft news weighs on neoclouds

About CoreWeave

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.