CoreWeave (NASDAQ:CRWV) Stock Rating Upgraded by Melius Research

CoreWeave (NASDAQ:CRWV) was upgraded by Melius Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a $165.00 target price on the stock, up from their previous target price of $128.00. Melius Research’s price target points to a potential upside of 23.69% from the company’s previous close.

CRWV has been the subject of several other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $116.00 target price on shares of CoreWeave in a report on Tuesday, September 16th. Stifel Nicolaus upped their target price on CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Barclays upped their target price on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Moffett Nathanson upped their target price on CoreWeave from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. Finally, Arete Research raised CoreWeave from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.96.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $133.40 on Tuesday. The company has a 50-day moving average price of $111.02. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The company’s quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insiders Place Their Bets

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 734,110 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $132.42, for a total value of $97,210,846.20. Following the completion of the sale, the insider directly owned 360,900 shares in the company, valued at $47,790,378. This represents a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kristen J. Mcveety sold 95,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $126.86, for a total value of $12,051,700.00. The disclosure for this sale can be found here. Insiders sold 17,921,137 shares of company stock worth $1,977,533,865 over the last ninety days.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. acquired a new stake in CoreWeave in the second quarter worth approximately $33,000. Archer Investment Corp acquired a new stake in CoreWeave in the second quarter worth approximately $34,000. Chilton Capital Management LLC acquired a new stake in CoreWeave in the second quarter worth approximately $39,000. TD Waterhouse Canada Inc. acquired a new stake in CoreWeave in the second quarter worth approximately $47,000. Finally, Montag A & Associates Inc. acquired a new stake in CoreWeave in the second quarter worth approximately $49,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.