Neocloud Corporation CoreWeave ( CRWV ) will release its third-quarter financial report on Tuesday, November 10th. Due to concerns in the market that the company has incurred high debts for building artificial intelligence infrastructure, the CRWV stock price has fallen by more than 49% over the past month. In addition, fears that data center construction may slow down after the Democrats won the mid-term elections have also increased pressure on investors.
Wall Street expects that CoreWeave will report a loss of $0.08 per share this quarter, which represents an improvement over the same period last year. Revenues are expected to soar by 160% year-on-year, reaching $3.54 billion.
Before the release of the third-quarter financial report, analysts held a cautiously optimistic attitude towards CRWV stock overall. Considering the significant pullback in stock prices, the average target price on Wall Street indicates that there is still considerable room for upward movement from the current level. Meanwhile, Cathie Wood purchased stocks worth approximately $18 million on Thursday.
Option traders are betting that the stock price of CoreWeave may experience a two-way fluctuation of 21.1% after its third-quarter financial report in 2026. The implied volatility of the options reflects the expected range of stock price movement after the report, rather than predicting whether it will rise or fall. The average absolute fluctuation of the stock price after the past four financial reports of CoreWeave was 16.38%, and this time's implied volatility is higher than this average level.
Investors will closely monitor the management's statements regarding the demand environment and prospects, debt levels, and financing plans. Any unfavorable updates, or revenue and profit figures that fall short of expectations, could dampen market sentiment.
Analysts' Views Before the Third Quarter Financial Reports
Entering the third-quarter financial reporting season, Citibank analyst Tyler Radke reiterated his "buy" rating on CoreWeave's stock, but lowered the target price from $159 to $128 to reflect the decline in valuation multiples. The analyst expects that the performance of CoreWeave and its peer neocloud Nebius ( NBIS ) will reflect a "continuously strong and in-demand environment," accompanied by solid pricing and profit margins. Radke added that investors will continue to pay attention to financing issues. He expects these two companies to provide more details regarding their medium-term financing needs and efforts to reduce capital intensity.
Based on his communications with management during the quarter, Radke pointed out that demand remains strong. Similar to the high costs of memory and GPU, this analyst expects that higher capital costs will be passed on to customers through higher computing power prices. Radke has raised its revenue forecasts for 2027 to 2030 by 12% and its interest expense projections by 22%, while basically maintaining its earnings per share forecasts unchanged.
Similarly, UBS analyst Karl Keirstead reiterated a "buy" rating on CoreWeave stock and lowered the target price from $120 to $105. This five-star analyst mentioned that the price of CoreWeave stock has fallen significantly, stating that investors' confidence in a broader range of neocloud AI infrastructure stocks has markedly weakened.
Keirstead added that the stock prices of Microsoft (MSFT) and Amazon (AMZN) are relatively more resilient, reflecting that investors have taken a more defensive stance regarding their exposure to AI infrastructure. He generally agrees with this change as well. The analyst warned that restoring investor confidence may be a "repair process that will take several quarters to complete," but he remains bullish.
CoreWeave Is it worth buying stocks now?
Before the release of the third-quarter financial report for 2026, based on 21 buy ratings, 5 hold ratings, and 3 sell ratings, Wall Street's consensus rating for CoreWeave stock was "moderate buy." The average target price for CRWV stock is $128.83, which indicates a potential upside of about 178% from the current level.
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