CoreWeave’s (CRWV) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of CoreWeave (NASDAQ:CRWV) in a report released on Friday morning, Marketbeat Ratings reports. The firm currently has a $135.00 price target on the stock, down from their prior price target of $192.00.

Several other brokerages also recently issued reports on CRWV. DA Davidson reissued an “underperform” rating and set a $36.00 price target on shares of CoreWeave in a report on Tuesday, November 11th. Evercore ISI cut their target price on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Bank of America reduced their target price on CoreWeave from $168.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Loop Capital dropped their price target on CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Roth Capital began coverage on CoreWeave in a research note on Thursday, December 4th. They issued a “buy” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, CoreWeave currently has an average rating of “Hold” and a consensus target price of $127.70.

CoreWeave Price Performance

CoreWeave stock opened at $83.00 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $32.07 billion and a PE ratio of -57.24. CoreWeave has a one year low of $33.51 and a one year high of $187.00. The business has a 50 day simple moving average of $98.57 and a 200 day simple moving average of $118.44.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. The business’s revenue was up 133.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.82) earnings per share.

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $139.37, for a total value of $160,192,714.22. Following the completion of the sale, the insider directly owned 341,592 shares of the company’s stock, valued at approximately $47,607,677.04. This trade represents a 77.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 21,438,483 shares of company stock valued at $2,867,073,366.

Hedge Funds Weigh In On CoreWeave

Large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CoreWeave by 109.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock worth $1,017,275,000 after buying an additional 3,888,164 shares during the period. Invesco Ltd. grew its position in shares of CoreWeave by 55,329.7% during the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock worth $410,454,000 after buying an additional 2,993,889 shares during the period. Clear Street Group Inc. bought a new stake in shares of CoreWeave during the third quarter worth approximately $405,199,000. Finally, Lavaca Capital LLC acquired a new position in CoreWeave in the third quarter valued at approximately $273,700,000.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced it will join the Department of Energy’s Genesis Mission — a high‑profile government program pairing AI and supercomputing for national research and energy innovation. That contract/partnership news is the primary catalyst cited across outlets for the rally. BusinessWire: CoreWeave Joins DOE Genesis
• Positive Sentiment: Citi reaffirmed a Buy on CRWV (new $135 price target), and other brokerage/independent upgrades (including bullish writeups and “Strong Buy” pieces) amplified demand by framing CoreWeave as a beneficiary of surging AI compute demand and large contract backlog. Analyst optimism likely fed short‑covering and fresh buying. Yahoo Finance: Citi Buy
• Positive Sentiment: Fundamental bulls point to very strong revenue/backlog growth (Q3 revenue +~134% YoY; reported backlog cited at ~$55.6B) and long‑dated take‑or‑pay contracts that raise revenue visibility — arguments repeated in upgrade coverage. That narrative supports re-rating despite past volatility. Seeking Alpha: Screaming Buy
• Neutral Sentiment: Technical and options commentary is intensifying: chart analysts are highlighting new support/resistance levels and volume nodes — this elevates short‑term momentum trading and may increase intraday volatility (technical videos and options corner pieces noted). YouTube: Options Corner: CRWV Technical Trends
• Neutral Sentiment: Heavy media attention (TV commentators and social buzz) is driving FOMO; that amplifies flows but doesn’t change core fundamentals — good for momentum, ambiguous for long‑term valuation. YouTube: DOE Partnership Powers CRWV Comeback Rally
• Negative Sentiment: Insider selling: CFO Nitin Agrawal disclosed a sale of 36,317 shares (~$2.5M) and other insiders have reduced holdings recently — investors often view clustered insider sales as a caution signal even when the company posts strong growth. SEC Form 4
• Negative Sentiment: Balance‑sheet and execution risks remain a meaningful counterweight: analysts and pieces warning about high leverage, heavy CapEx and supply‑chain pressure (and a ~50% pullback from recent highs cited by some outlets) argue the stock remains vulnerable if growth or margins slip. These concerns limit how far and how fast multiple expansion can run. Zacks: CRWV Crash Analysis Fool: Growth vs Leverage Risk

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.