Coreweave, Inc. Faces Class Action Lawsuit Over Alleged Misstatements, Shares Drop Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Lawsuit Background: Kirby McInerney LLP has filed a class action lawsuit against Coreweave, alleging that the company overstated its customer demand from March 28 to December 15, 2025, leading to investor losses, with a deadline of March 13, 2026, for lead plaintiff applications.
- Stock Price Volatility: On October 30, 2025, Coreweave announced it failed to secure enough shareholder votes to approve its merger with Core Scientific, resulting in a share price drop from $133.71 to $126.32, a decline of approximately 5.5%.
- Financial Warning: On November 10, 2025, Coreweave reported third-quarter results and lowered its 2025 guidance due to delays from a third-party data center developer, causing shares to plummet from $105.61 to $88.39, a drop of 16.3%.
- Market Confidence Eroded: On December 15, 2025, The Wall Street Journal reported delays in the data center construction, leading to a further decline of $6.24 in Coreweave's stock price, closing at $72.35, reflecting market concerns about the company's future prospects.
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: 89.930
Low
36.00
Averages
149.70
High
430.00
Current: 89.930
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.
