CoreWeave (NASDAQ:CRWV) Upgraded at JPMorgan Chase & Co.

CoreWeave (NASDAQ:CRWV) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a $125.00 price objective on the stock, up from their previous price objective of $120.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 43.84% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Rothschild & Co Redburn initiated coverage on CoreWeave in a report on Monday. They set a “sell” rating and a $54.00 price objective for the company. BNP Paribas Exane initiated coverage on CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. Mizuho boosted their price objective on shares of CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Roth Capital set a $145.00 target price on shares of CoreWeave in a report on Thursday, August 13th. Finally, Raymond James Financial downgraded shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.78.

CoreWeave Stock Up 0.2%

CRWV stock opened at $86.90 on Thursday. The stock has a market cap of $39.88 billion, a P/E ratio of -23.81 and a beta of 7.45. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The stock’s fifty day simple moving average is $85.46 and its two-hundred day simple moving average is $94.28. CoreWeave has a 1-year low of $60.55 and a 1-year high of $153.20.

CoreWeave (NASDAQ:CRWV) last released 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. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The company’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. Analysts expect that CoreWeave will post -5.19 EPS for the current year.

Insider Buying and Selling at CoreWeave

In related news, CEO Michael N. Intrator sold 278,560 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the sale, the insider owned 220,810 shares in the company, valued at approximately $24,013,087.50. This trade represents a 58.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,380,334 shares of company stock valued at $561,507,579 over the last 90 days. Company insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its holdings in shares of CoreWeave by 8.4% during the second quarter. QRG Capital Management Inc. now owns 21,810 shares of the company’s stock valued at $2,171,000 after acquiring an additional 1,692 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at $378,000. Envestnet Asset Management Inc. grew its position in CoreWeave by 68.6% during the second quarter. Envestnet Asset Management Inc. now owns 71,795 shares of the company’s stock valued at $7,146,000 after buying an additional 29,216 shares during the period. State Street Corp increased its position in 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 buying an additional 4,113,873 shares in the last quarter. Finally, Wellington Altus USA Inc. lifted its stake in shares of CoreWeave by 256.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 534 shares of the company’s stock valued at $53,000 after buying an additional 384 shares in the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: UBS upgraded CoreWeave to “Strong Buy” after initiating coverage with a Buy rating and a $120 price target, implying roughly 40% upside from the current price of $86.90. UBS cited robust AI-compute demand and noted that investor sentiment and valuation remain cautious relative to CoreWeave’s growth prospects. CoreWeave gets Buy rating from UBS as AI compute demand strengthens
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for a third consecutive time, making it the only provider to receive the industry’s highest distinction in all three evaluations. The recognition supports the company’s positioning on AI-cloud performance, reliability and scalability. CoreWeave earns third consecutive Platinum ClusterMAX rating
• Positive Sentiment: Harell Data selected CoreWeave Cloud for secure AI-model training, fine-tuning and inference workloads. The deal provides another customer win and may help validate demand for CoreWeave’s specialized infrastructure. Harell Data selects CoreWeave
• Neutral Sentiment: CoreWeave launched NVIDIA Vera Rubin NVL72 clusters and enhanced AI storage products for large-scale training, inference and agentic-AI workloads. The products could expand its addressable market, but their financial contribution is not yet quantified. CoreWeave rolls out Rubin clusters and AI storage
• Negative Sentiment: CoreWeave completed an upsized convertible-notes offering totaling approximately $4.2 billion, compared with an initial proposal of about $3 billion. The financing supports surging data-center capital expenditures and AI expansion, but adds significant debt and creates potential future equity dilution. It also underscores balance-sheet risk; CoreWeave already carries high leverage and negative earnings.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.