CoreWeave (NASDAQ:CRWV) Releases Earnings Results

CoreWeave (NASDAQ:CRWV - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.05), Zacks reports.CoreWeave Price PerformanceIPO Market Stays Hot With These 2 Debuting StocksShares of CRWV traded up $8.97 on Tuesday, hitting $148.75. 26,475,136 shares of the stock traded hands, compared to its average volume of 18,784,438. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.60. The firm has a 50 day simple moving average of $142.11. CoreWeave has a one year low of $33.51 and a one year high of $187.00. Wall Street Analysts Forecast GrowthA number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a "hold" rating and issued a $78.00 price target on shares of CoreWeave in a research note on Thursday, July 10th. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Moffett Nathanson initiated coverage on CoreWeave in a research note on Monday, May 5th. They issued a "neutral" rating and a $43.00 price target for the company. Finally, Bank of America cut CoreWeave from a "buy" rating to a "neutral" rating in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CoreWeave has an average rating of "Hold" and an average target price of $90.20.3 AI Infrastructure Stocks Powering the Next Tech RevolutionView Our Latest Report on CRWVCoreWeave 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 CoreWeaveUtilities Stocks Explained – How and Why to Invest in UtilitiesIntel's White House Reset: From Political Storm to a Clearer SkyHealth Care Stocks Explained: Why You Might Want to InvestUber’s $20B Buyback Could Spark a Trend—2 Stocks Already on BoardHigh Dividend REITs: Are They an Ideal Way to Diversify?Brutal 2025 for Sarepta—Analysts Still Call for 179% UpsideApplied Digital: Why a Surge in Bullish Bets Signals a New Era This 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