CoreWeave stock holds Neutral rating at H.C. Wainwright despite tech leadership
Investing.com
Published Jul 14, 2025 07:43AM ET
Investing.com - H.C. Wainwright has reiterated its Neutral rating on CoreWeave (NASDAQ:CRWV), acknowledging the company's technological leadership while noting the stock has "drifted closer to Earth" recently. The stock has indeed declined 21.2% in the past week, though InvestingPro data shows a remarkable 214.6% gain over the past six months.
CoreWeave announced two new solution choices last week for companies wanting to run GB300 NVL72 or RTX PRO 6000 Blackwell. The company became the first to deploy the GB300, following its earlier first deployment of the GB200, which is now operating at scale.
The announcements highlight CoreWeave's emphasis on bringing cutting-edge compute solutions to market and demonstrate its strong relationship with Nvidia (NASDAQ:NVDA), a leading chip designer in the artificial intelligence market. The GB series pairs Nvidia's Grace chip with Blackwell for AI model development, while the RTX series supports creative AI workloads.
H.C. Wainwright noted CoreWeave's operational efficiency, referencing studies from SemiAnalysis where CoreWeave compute outperformed all other evaluated options, and MLPerf v5.0 results that set a new industry benchmark in AI inference using GB200 chips. According to InvestingPro , which offers comprehensive analysis through its Pro Research Reports covering 1,400+ US stocks, CoreWeave maintains a healthy gross profit margin of 74.3%, though its current ratio of 0.44 suggests potential liquidity challenges.
Despite these technological advantages and a favorable customer base that includes hyperscale datacenter operators, H.C. Wainwright maintained its Neutral rating on CoreWeave stock. The company trades at an EV/EBITDA multiple of 47.9x, suggesting a premium valuation relative to peers.
In other recent news, CoreWeave has announced significant developments that are capturing investor attention. The company reported its acquisition of Core Scientific for approximately $9 billion in an all-stock transaction, a move expected to expand its data center capabilities significantly. This acquisition has led to various analyst reactions, with Needham, Mizuho, and Stifel all downgrading CoreWeave's stock rating, citing valuation concerns and short-term integration challenges, despite acknowledging the strategic benefits of the acquisition. Needham and Mizuho have raised their price targets to $150.00 and $115.00, respectively, reflecting the potential long-term value of the deal.
Additionally, CoreWeave has become the first cloud provider to offer NVIDIA RTX PRO 6000 Blackwell Server Edition instances, enhancing its AI and graphics capabilities. The new GPU instances are reported to be significantly faster and more cost-efficient than previous versions. Macquarie has maintained its Neutral rating on CoreWeave, noting that the acquisition could lead to substantial cost savings and operational efficiencies. The company projects over $10 billion in savings over the next 12 years, with $500 million in annual cost savings by the end of 2027. These developments highlight CoreWeave's ongoing efforts to strengthen its position in the AI and high-performance computing sectors.
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Written By: Investing.com
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