Barclays Forecasts Strong Price Appreciation for CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective hoisted by equities researchers at Barclays from $48.00 to $60.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 5.15% from the company’s current price.

CRWV has been the topic of a number of other research reports. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Sunday, March 30th. Morgan Stanley initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set an “equal weight” rating and a $46.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $51.00 price target on the stock. Finally, Mizuho initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $46.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.50.

CoreWeave, Inc. Class A Common Stock Stock Up 8.2%

CRWV opened at $63.26 on Monday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.87.

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the completion of the transaction, the chief financial officer now directly owns 231,811 shares of the company’s stock, valued at $9,272,440. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 302,940 shares of company stock valued at $13,786,546.

CoreWeave, Inc. Class A Common Stock 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.