AGRI

CoreWeave Inc. looks to reverse recent stock moves with a strong third-quarter earnings report, which is coming Tuesday after market close.

Here are the earnings estimates, what experts are saying and key items to watch.

CoreWeave Q3 Earnings Estimates

Analysts expect CoreWeave to report third-quarter revenue of $3.55 billion, up from $1.36 billion in last year’s third quarter, according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in six straight quarters since going public.

Analysts expect CoreWeave to report a loss of $1.16 per share versus a loss of 8 cents per share in last year’s third quarter.

The company has missed analyst estimates for earnings per share in four of the six quarters since going public.

What Experts Are Saying

Freedom Capital Markets Chief Market Strategist Jay Woods said CoreWeave stock is facing pressure due to debt issuance concerns.

"This week, it faces two big tests. First, are they able to turn its massive AI backlog into revenue and stronger guidance. Secondly, how will they address the mounting debt and interest costs to fund its data center expansion, especially with potential political headwinds looming," Woods said in a weekly newsletter.

Looking at the CoreWeave stock chart, Woods says, "it’s not looking good, but there are some signs of potential relief."

Woods said the stock has struggled to get momentum to the upside, with $60 being a "telling" area for major support.

"The bears are clearly in charge and if there were to be a rally look for $60 where sellers step in. The stock is broken until proven otherwise."

While the stock could head higher to $60, Woods said there is also "little support" from shares reversing to test all-time lows around $34.

"As we head into its earnings, it is a stock to watch and not trade."

Rosenblatt analyst John McPeake reiterated a Buy rating on CoreWeave ahead of earnings, while lowering the price target from $250 to $160.

"We think the fundamental returns on CoreWeave’s AI infrastructure build out has improved even as its debt and equity has traded lower as the market absorbs issuance from multiple hyperscalers and technology companies," McPeake said in a new investor note.

The analyst said that even after Democratic gains in the midterm elections, CoreWeave’s power targets look achievable over the near to medium term.

"We continue to think the economics around GPU deployments, even at these higher interest rates, remain sound."

Here are some other recent analyst ratings for CoreWeave and their price targets:

• Wells Fargo: Maintained Overweight rating, lowered price target from $160 to $115
• Citigroup: Maintained Buy rating, lowered price target from $159 to $128
• UBS: Maintained Buy rating, lowered price target from $120 to $105
• Morgan Stanley: Maintained Equal-Weight rating, lowered price target from $99 to $70

Key Items to Watch

There are many items to watch when CoreWeave reports, with many shared by the experts listed above.

Debt and the recent midterm elections could be among the biggest items to watch when the company reports.

Partnerships and backlog will be other areas to watch with investors turning bearish and lowering price targets ahead of earnings.

The company reported revenue up 112.5% year over year in the second quarter with backlog hitting $104 billion. Management said the company was seeing "unprecedented demand" for CoreWeave Cloud.

That backlog figure didn’t include $25 billion in customer wins since the end of the quarter.

Analysts and investors will be watching to see if the backlog grew again in the third quarter.

CoreWeave Stock Price Action

CRWV Price Action: CoreWeave shares were up 5.56% at $48.98 at the time of publication Monday, according to Benzinga Pro data. The stock’s 52-week range is $40.58 to $138.25.

Shares have fallen about 40% over the past month and are down about 31% this year. The AI stock hit an all-time high of $187 in June 2025 and is now down 73% from that peak and 64% from its 52-week high.