CoreWeave (NASDAQ:CRWV) Shares Gap Up Following Analyst Upgrade

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) gapped up prior to trading on Thursday after Morgan Stanley raised their price target on the stock from $58.00 to $91.00. The stock had previously closed at $102.89, but opened at $112.63. Morgan Stanley currently has an equal weight rating on the stock. CoreWeave shares last traded at $116.30, with a volume of 7,529,401 shares.AI Infrastructure Is Exploding—Don’t Overlook CoreWeave & NebiusA number of other analysts also recently weighed in on CRWV. Stifel Nicolaus set a $115.00 price target on shares of CoreWeave and gave the company a "hold" rating in a report on Tuesday, July 8th. Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a report on Thursday. Melius assumed coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target for the company. Argus assumed coverage on shares of CoreWeave in a report on Friday, July 11th. They issued a "buy" rating and a $200.00 price target for the company. Finally, Needham & Company LLC reiterated a "hold" rating and set a $78.00 target price on shares of CoreWeave in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CoreWeave presently has an average rating of "Hold" and a consensus price target of $90.20.Check Out Our Latest Report on CRWVInstitutional Investors Weigh In On CoreWeaveCoreWeave's $9 Billion Power Play for Core ScientificA number of large investors have recently bought and sold shares of CRWV. Costello Asset Management INC raised its holdings in CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares during the last quarter. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the second quarter worth about $33,000. SOA Wealth Advisors LLC. grew its stake in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after buying an additional 275 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of CoreWeave during the second quarter worth approximately $82,000. Finally, Webster Bank N. A. bought a new stake in CoreWeave in the second quarter valued at $82,000. CoreWeave Stock Up 13.8%The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44. The business's fifty day simple moving average is $140.98. 3 Stocks With Near-Unanimous Buys That Could Rally HigherCoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results 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). 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.Featured StoriesFive stocks we like better than CoreWeaveStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeBroadcom Tops $300: What's Fueling Gains and a Key Risk to WatchHow to Choose Top Rated StocksMicrosoft Blasts Past Earnings—What’s Next for MSFT?What Investors Need to Know About Upcoming IPOsMeta Blasts Up 11% on Q2 Results—The AI Train Keeps ChuggingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CoreWeave Right Now?Before you consider CoreWeave, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreWeave wasn't on the list.While CoreWeave currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here