CoreWeave CEO Dismisses Financing Claims, Shares Surge 10.95%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Financing Strategy Clarification: CoreWeave CEO Michael Intrator dismissed allegations of circular financing with Nvidia as 'ridiculous,' emphasizing that Nvidia's $300 million investment is trivial compared to CoreWeave's total capital exceeding $25 billion, thereby enhancing market confidence in the company's financing structure.
- Strong Market Performance: CoreWeave shares surged 10.95% to $99.61, reflecting the company's robust performance amid a broader tech stock rally, indicating investor optimism about its future growth potential.
- Short-Term vs Long-Term Trends: While CoreWeave's stock is currently 24.1% above its 20-day simple moving average, it remains 5.1% below its 100-day SMA, suggesting strong short-term performance but caution is warranted regarding long-term trends as investors assess risks.
- Upcoming Earnings Report: Investors are looking forward to the earnings report on February 14, with an EPS estimate of a loss of 65 cents and revenue of $1.54 billion, while analyst consensus remains positive with an average price target of $125.52, reflecting confidence in the company's future performance.
Analyst Views on CRWV
Wall Street analysts forecast CRWV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRWV is 149.70 USD with a low forecast of 36.00 USD and a high forecast of 430.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
13 Buy
11 Hold
1 Sell
Moderate Buy
Current: 89.800
Low
36.00
Averages
149.70
High
430.00
Current: 89.800
Low
36.00
Averages
149.70
High
430.00
About CRWV
CoreWeave, Inc. is a cloud infrastructure technology company. The Company offers the CoreWeave Cloud Platform, which consists of software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure. Its CoreWeave Cloud Platform is an integrated solution that is purpose-built for running AI workloads such as model training and inference. Its solutions include infrastructure services, managed software services, and application software services. Its Infrastructure Services provide its customers with access to advanced graphics processing unit (GPU) and central processing unit (CPU) compute, highly performant networking, and storage. Its Managed Software Services include CKS, a flexible virtual private cloud and a bare metal service that runs kubernetes directly on high-performance servers. Its Application Software Services build on top of its infrastructure and managed software services, integrating additional tools.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
