Morgan Stanley cuts target for CoreWeave stock from USD 99.00 to USD 70.00

Published on 10/24/2026 at 21:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CoreWeave guided USD 12.40-13.20 billion revenue for 2026. CoreWeave stock costs EUR 48.63 on October 24, 2026, down 0.02 percent versus Tradegate close.

Analyst target and earnings date

Morgan Stanley cut its CoreWeave target from USD 99.00 to USD 70.00 on October 23, 2026.
CoreWeave guided 2026 revenue to USD 12.40 billion-USD 13.20 billion.
CoreWeave stock costs EUR 48.63 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, down 0.02 percent versus the Tradegate close of October 23, 2026.
CoreWeave's next earnings date is November 11, 2026.

CoreWeave, US21873S1087, Illustration mit AI erstellt.

CoreWeave cut its target after Morgan Stanley reduced the price objective from USD 99.00 to USD 70.00 on October 23, 2026, while keeping an equal-weight rating, as MarketBeat reported. The company had raised its 2026 revenue guidance to USD 12.40 billion-USD 13.20 billion, according to the Q2 earnings call transcript published by Yahoo Finance. CoreWeave was trading at EUR 48.63 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, down 0.02 percent versus the Tradegate close of October 23, 2026.

Revenue guidance reaches USD 13.20 billion

The Q2 2026 call put revenue at USD 2.60 billion, up 112.00 percent from Q2 2025. Adjusted operating income reached USD 128.00 million, compared with USD 200.00 million a year earlier, while adjusted EBITDA rose to USD 1.50 billion from USD 753.00 million.

Management also guided Q3 2026 revenue to USD 3.45 billion-USD 3.60 billion and full-year adjusted operating income to USD 960.00 million-USD 1.15 billion. Full-year capital expenditure guidance stood at USD 35.00 billion-USD 39.00 billion, making financing and execution central measures alongside sales growth.

What does the price position show?

CoreWeave's Nasdaq price was last at USD 54.23 on October 23, 2026 at 4:00 p.m. EDT. Its 52-week range was USD 53.50-USD 141.79, placing the share near the lower end of that range, while market capitalization stood at USD 29.9 billion and volume reached 46,371,125 shares on that date.

Valuation and November 11 date

CoreWeave's trailing P/E was negative 14.86 as of October 23, 2026. Its next earnings date was listed as November 11, 2026 by Yahoo Finance. CoreWeave's investor-relations page identifies the company as Nasdaq-listed under CRWV and says its public listing was completed in March 2025.

Comparison with peers

CoreWeave: down 0.02 percent, P/E negative 14.86, market capitalization USD 29.9 billion.
Equinix (Nasdaq, USD): up 0.25 percent, P/E 61.50, market capitalization USD 94.2 billion.
Digital Realty Trust (NYSE, USD): up 0.84 percent, P/E 83.27, market capitalization USD 63.9 billion.

Stock snapshot

CoreWeave's small move against the Tradegate close leaves the market focused on the gap between its revenue outlook and the capital required to deliver it. The company was trading at EUR 48.63 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, down 0.02 percent versus the Tradegate close of October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of CoreWeave stock.