
CoreWeave (NASDAQ:CRWV) Shares Gap Up Following Analyst Upgrade

CoreWeave (NASDAQ:CRWV) shares surged after Morgan Stanley upgraded its price target from $58 to $91. The stock opened at $112.63, up from a previous close of $102.89, and last traded at $116.30. Analysts have mixed ratings, with three sell, eighteen hold, five buy, and one strong buy. The average rating is "Hold" with a consensus price target of $90.20. CoreWeave reported a loss of $0.83 per share in its last earnings report, missing estimates by $0.67.
Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) gapped up prior to trading on Thursday after Morgan Stanley raised their price target on the stock from $58.00 to $91.00. The stock had previously closed at $102.89, but opened at $112.63. Morgan Stanley currently has an equal weight rating on the stock. CoreWeave shares last traded at $116.30, with a volume of 7,529,401 shares.
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A number of other analysts also recently weighed in on CRWV. Stifel Nicolaus set a $115.00 price target on shares of CoreWeave and gave the company a "hold" rating in a report on Tuesday, July 8th. Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a report on Thursday. Melius assumed coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target for the company. Argus assumed coverage on shares of CoreWeave in a report on Friday, July 11th. They issued a "buy" rating and a $200.00 price target for the company. Finally, Needham & Company LLC reiterated a "hold" rating and set a $78.00 target price on shares of CoreWeave in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CoreWeave presently has an average rating of "Hold" and a consensus price target of $90.20.
Check Out Our Latest Report on CRWV
Institutional Investors Weigh In On CoreWeave
- CoreWeave's $9 Billion Power Play for Core Scientific
A number of large investors have recently bought and sold shares of CRWV. Costello Asset Management INC raised its holdings in CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares during the last quarter. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the second quarter worth about $33,000. SOA Wealth Advisors LLC. grew its stake in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after buying an additional 275 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of CoreWeave during the second quarter worth approximately $82,000. Finally, Webster Bank N. A. bought a new stake in CoreWeave in the second quarter valued at $82,000.
CoreWeave Stock Up 13.8%
The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44. The business's fifty day simple moving average is $140.98.
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CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).
CoreWeave Company Profile
(Get Free Report)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.
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