Key Stats for CoreWeave Stock
- Price change for CoreWeave stock in the last 6 months: -48%
- $CRWV Stock Price as of Oct. 16: $61
- 52-Week High: $142
- $CRWV Stock Price Target: $141
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
CoreWeave’s (CRWV) shares and bonds sold off last week, as the stock lost 25%.
Yields on its 2030 bonds jumped 500 basis points to near 16%, and the cost of insuring its debt against default rose to about 1,200 basis points. Reuters called that a sign of severe distress.
The trigger was Q3 reports from big cloud companies, where they hinted at data center delays and slower growth in capital spending.
Investors then went after “neoclouds” like CoreWeave, firms which borrow heavily to pay for chips, land and energy, while the income comes later.
CEO Mike Intrator told employees that markets can sometimes “misunderstand and act irrationally.” He also said the backlog more than covers the company’s debt.
CoreWeave has never turned a profit, according to LSEG data. In 2025, it had $5.1 billion in revenue and a $1.2 billion net loss.
Revenue should double this year, but capital spending is expected to rise fourfold, which means a higher cash outflow.
Investors also point to the $50 billion debt load, while some worry about “circular financing” between chipmakers and customers like Meta and OpenAI.
Hedge fund founder Alberto Gallo said CoreWeave will need a capital injection or a bailout, and his firm holds bets against CoreWeave bonds.
Gartner says CoreWeave is among the neoclouds most exposed to the gap between revenue and spending. It expects 80% of neocloud providers to stop operating independently by 2030.
News that Intrator has sold nearly $1 billion of stock since the IPO has not helped.
See analysts’ growth forecasts and price targets for CoreWeave stock (It’s free) >>>
What the Market Is Telling Us About CoreWeave Stock
For CoreWeave stock, the debate is about funding.
The Q2 call showed strong numbers. Revenue more than doubled, and the company said near-term capacity is effectively sold out.
It also had a $104.2 billion backlog, plus more than $25 billion in new commitments.
Q2 capital spending was $9.4 billion and interest expense was $640 million, up from $267 million a year ago.
CFO Nitin Agrawal expects Q3 interest expense of $860 million to $940 million.
Nvidia has agreed to buy unsold CoreWeave capacity through April 2032, and Moody’s noted that the tech giant does not buy chips on speculation.
Still, one analyst warned the credit selloff “risks becoming a self-fulfilling prophecy.”
CoreWeave stock now depends on whether the company can afford to deliver its backlog.
Estimate a company’s fair value instantly (Free with TIKR) >>>
So what is CoreWeave stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what CRWV stock could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
