Overview
- Shares plunged about 11.4% on Friday, falling to an intraday low near $71.67 and closing around $71.88 on volume of roughly 25.2 million shares.
- Jefferies and Citigroup cut their ratings from Buy to Hold earlier in the week, a shift that traders and reporters linked to the accelerated sell‑off.
- CoreWeave reported Q1 revenue of $2.08 billion, up 111.6% year over year, while adjusted EPS missed at -$1.40 and reported operating margins weakened.
- Management projects extremely large 2026 capital expenditures of $31 billion to $35 billion, which, combined with a debt‑to‑equity ratio near 3.68 and quick/current ratios around 0.31, heightens concerns about near‑term funding needs.
- Insiders have sold roughly 17.07 million shares worth about $1.98 billion over 90 days and analysts remain divided with a Moderate Buy consensus and an average price target near $136, leaving the stock sensitive to news on capex pacing, liquidity moves and customer demand.