
The Goldman Sachs Group Cuts CoreWeave (NASDAQ:CRWV) Price Target to $105.00

Goldman Sachs has lowered its price target for CoreWeave (NASDAQ:CRWV) from $120.00 to $105.00, maintaining a "neutral" rating. This suggests a potential upside of 38.61% from the previous close. Other firms have also adjusted their targets, with Wells Fargo lowering to $150.00 and Morgan Stanley raising to $99.00. CoreWeave's stock traded down 2.1% to $75.75. The company reported better-than-expected earnings, with revenue up 133.7% year-over-year.
CoreWeave (NASDAQ:CRWV - Get Free Report) had its price target decreased by The Goldman Sachs Group from $120.00 to $105.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target indicates a potential upside of 38.61% from the company's previous close.
- MarketBeat Week in Review – 11/10 - 11/14
Several other research firms also recently weighed in on CRWV. Wells Fargo & Company decreased their target price on CoreWeave from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, November 12th. Morgan Stanley raised their price target on shares of CoreWeave from $91.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 11th. Seaport Res Ptn raised shares of CoreWeave to a "hold" rating in a research report on Monday, September 15th. Evercore ISI dropped their target price on shares of CoreWeave from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $130.14.
Get Our Latest Research Report on CoreWeave
CoreWeave Trading Down 2.1%
- CoreWeave's Guidance Cut: A Buying Opportunity in Disguise?
Shares of NASDAQ:CRWV traded down $1.61 during trading hours on Monday, hitting $75.75. 8,167,571 shares of the company's stock traded hands, compared to its average volume of 23,754,563. The firm has a market capitalization of $29.27 billion and a P/E ratio of -66.45. The business has a fifty day moving average price of $122.82 and a 200-day moving average price of $119.64. CoreWeave has a 1 year low of $33.51 and a 1 year high of $187.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.36) by $0.14. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted ($1.82) earnings per share. CoreWeave's revenue was up 133.7% on a year-over-year basis. CoreWeave has set its FY 2025 guidance at EPS.
Insider Buying and Selling at CoreWeave
- CrowdStrike Partners With CoreWeave But Investors Sell the News
In related news, insider Brian M. Venturo sold 281,250 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $87.57, for a total value of $24,629,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 7,688 shares of the company's stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $134.94, for a total value of $1,037,418.72. Following the sale, the insider owned 299,512 shares of the company's stock, valued at approximately $40,416,149.28. This represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,573,353 shares of company stock worth $4,371,228,594.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC boosted its position in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. HighMark Wealth Management LLC bought a new position in CoreWeave in the third quarter worth about $27,000. OLD Second National Bank of Aurora purchased a new stake in shares of CoreWeave during the third quarter valued at about $27,000. Princeton Global Asset Management LLC bought a new stake in shares of CoreWeave in the 3rd quarter valued at about $28,000. Finally, Aspect Partners LLC purchased a new position in shares of CoreWeave in the 3rd quarter worth approximately $28,000.
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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