These Analysts Revise Their Forecasts On CoreWeave After Q3 Results

Core Insights - CoreWeave Inc reported third-quarter revenue of $1.36 billion, exceeding analyst estimates of $1.29 billion [1] - The company reported an adjusted loss of eight cents per share, better than the expected loss of 37 cents per share [1] Company Performance - CEO Michael Intrator highlighted exceptional performance in the third quarter, setting new revenue records and nearly doubling the revenue backlog to over $55 billion [2] - The performance was attributed to disciplined execution across various business areas, including infrastructure scaling, capacity expansion, customer relationship deepening, and advancements in software and services [2] Stock Market Reaction - Following the earnings announcement, CoreWeave shares fell 8.2% to $97.00 in pre-market trading [2] Analyst Ratings and Price Targets - B of A Securities analyst Brad Sills maintained a Neutral rating and reduced the price target from $168 to $140 [8] - Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and lowered the price target from $175 to $160 [8] - Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and raised the price target from $91 to $99 [8] - Mizuho analyst Gregg Moskowitz maintained a Neutral rating and cut the price target from $150 to $120 [8]