Piper Sandler Cuts CoreWeave (CRWV) Price Target to $124

By TradeTexts Research Desk Oct 22, 2026, 11:15 AM EDT

Key Points

Piper Sandler maintained its Overweight rating on CoreWeave on October 21, 2026, while moving its price target down from $153.00 to $124.00.
Piper Sandler's $124 price target implies 118% upside from CoreWeave, Inc.'s ($CRWV) current $56.88 share price.
CoreWeave recently traded around $56.88, sitting below its 50-day moving average of $85.35 and well below the new analyst price target.
Other Wall Street firms have also adjusted their views, with Goldman Sachs upgrading the stock to a Buy on October 19 with a $106.00 target.

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Piper Sandler maintained its Overweight rating on CoreWeave, Inc. (NasdaqGS: CRWV) on October 21, 2026, while adjusting its price target down to $124.00 from $153.00. The research note provides a forward-looking opinion from the firm on the cloud infrastructure provider, reflecting its latest outlook on the shares.

CRWV CoreWeave, Inc.

$61.82 -22.06% year to date

Daily close · Oct 21, 2026

Piper Sandler's Call on CoreWeave

In its October 21 note, Piper Sandler kept its Overweight rating on the cloud software firm while trimming the price target from $153.00 to $124.00. Even with the lower target, the firm continues to see upside relative to where the stock recently trades. CoreWeave closed at $61.82 on the day of the rating change.

Other Institutional Activity in CoreWeave

Large funds made notable moves in CoreWeave shares ahead of the rating update. Magnetar Financial LLC reduced its holdings by 16,504,077 shares, ending the period with 52,062,927 shares worth about $2,922,812,690.00. Nvidia Corp kept its stake steady at 47,213,353 shares valued at about $2,650,557,608.00. Jane Street Group, LLC grew its holdings by 5,028,085 shares, ending with 13,885,024 shares worth about $779,505,238.00. Alyeska Investment Group, L.p. grew its holdings by 3,897,581 shares, ending with 10,891,267 shares worth about $611,435,722.00. Value Aligned Research Advisors, LLC grew its holdings by 2,605,180 shares, ending with 10,886,110 shares worth about $611,146,208.00.

CoreWeave, Inc. Stock Down 8.5%

CoreWeave shares recently traded around $56.88 as of October 22, 2026. That price puts the stock down about 8.0% compared to its $61.82 close on the date of Piper Sandler's note. The stock has experienced a sharp pullback, trading well below its 50-day moving average of $85.35 and its 200-day moving average of $92.23. Its 52-week trading range spans from a low of $57.24 up to a high of $141.79.

12-month forecast

$CRWV price target

CoreWeave, Inc. daily closes and this analyst's $124 target. Not advice.

Recent Earnings

CoreWeave reported trailing twelve-month revenue of $7.59 billion alongside a trailing earnings per share loss of $3.69. The company's net profit margin stands at -25.4%, and its return on equity is -43.6%. Year-over-year revenue growth reached 112.5%. The company's next earnings report is scheduled for release on November 11, 2026.

Insider Buying and Selling at CoreWeave, Inc.

Company insiders have completed several share sales in recent months. Chief Executive Officer Michael N. Intrator sold 307,692 shares on September 29, 2026, valued at $26,661,770.00. Chief Financial Officer Nitin Agrawal sold 3 shares at $88.60 on October 6, 2026, for a total of $266.00, followed by another sale of 22,579 shares worth $1,809,260.00 on October 12, 2026. Officer Jonathan Jones sold 37,380 shares on October 13, 2026, for a total value of $2,940,519.00.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the stock alongside Piper Sandler. On October 5, 2026, Freedom Capital Markets maintained its Buy rating with a $151.00 price target. Mizuho maintained a Neutral rating on October 15, 2026, while lowering its target from $115.00 to $88.00. Goldman Sachs upgraded the stock to a Buy on October 19, 2026, setting a target of $106.00. HSBC reiterated its Reduce rating on October 20, 2026, with a $39.00 price target. Overall, the stock carries a consensus buy recommendation from 38 analysts, with a mean price target of $138.34.

About CoreWeave

CoreWeave operates as a cloud infrastructure technology company based in Livingston, New Jersey. The company builds specialized cloud platforms powered by proprietary software designed to handle complex artificial intelligence workloads at scale. With artificial intelligence infrastructure demand driving rapid industry shifts, updates from major financial institutions like Piper Sandler offer insight into how the market evaluates the company's growth trajectory.

Bottom Line

Investors will look toward CoreWeave's upcoming earnings report on November 11, 2026, for further updates on financial performance and infrastructure demand. Monitoring how the stock trades relative to analyst targets and moving averages will remain important for tracking market sentiment.