These Analysts Cut Their Forecasts On CoreWeave After Q3 Results

Benzinga · 1d ago

CoreWeave Inc (NASDAQ:CRWV) on Tuesday reported upbeat financial results for the third quarter.

CoreWeave reported third-quarter revenue of $3.66 billion, beating analyst estimates of $3.55 billion, according to Benzinga Pro. The company reported a third-quarter adjusted loss of 95 cents per share, beating estimates for a loss of $1.16 per share.

"This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially and adjusted operating margins reaching double digits a quarter ahead of plan," said Michael Intrator, co-founder and CEO of CoreWeave.

CoreWeave raised its full-year 2026 revenue guidance from a range of $12.40 billion to $13.20 billion to a new range of $13 billion to $13.3 billion, versus estimates of $12.86 billion. The company expects to exit the year with an annualized revenue run-rate of $20 billion to $21 billion.

CoreWeave shares jumped 16.7% to $56.85 in pre-market trading.

These analysts made changes to their price targets on CoreWeave following earnings announcement.

  • Cantor Fitzgerald analyst Brett Knoblauch maintained the stock with an Overweight rating and lowered the price target from $176 to $100.
  • Stifel analyst Ruben Roy maintained the stock with a Hold and lowered the price target from $120 to $60.

Considering buying CRWV stock? Here’s what analysts think:

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