Argus started coverage on shares of CoreWeave (NASDAQ:CRWV – Get Free Report) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $200.00 price target on the stock. Argus’ price objective points to a potential upside of 58.93% from the stock’s current price.
CRWV has been the subject of a number of other research reports. Citigroup boosted their target price on shares of CoreWeave from $43.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 21st. Wall Street Zen cut CoreWeave from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Barclays restated an “equal weight” rating and set a $100.00 target price (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft initiated coverage on CoreWeave in a report on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 target price on the stock. Finally, HC Wainwright started coverage on CoreWeave in a report on Wednesday, June 25th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $81.56.
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CoreWeave Stock Performance
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued its quarterly earnings data 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).
Institutional Investors Weigh In On CoreWeave
Institutional investors have recently bought and sold shares of the business. Vanguard Capital Wealth Advisors acquired a new position in shares of CoreWeave in the 2nd quarter valued at $351,000. Farther Finance Advisors LLC bought a new stake in CoreWeave in the second quarter valued at about $90,000. SeaCrest Wealth Management LLC acquired a new position in CoreWeave in the second quarter worth about $848,000. Kapstone Financial Advisors LLC acquired a new position in CoreWeave in the second quarter worth about $326,000. Finally, Mandatum Life Insurance Co Ltd bought a new position in CoreWeave during the second quarter worth about $285,000.
CoreWeave 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.
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