CoreWeave (CRWV) shares surged over 8% on Wednesday, April 29, 2026, recovering from a previous day's sell-off triggered by a Wall Street Journal report on OpenAI's slowing growth. The report had raised concerns that OpenAI might struggle to pay for future computing contracts, a direct worry for CoreWeave, which counts OpenAI as a major client. However, CoreWeave quickly moved to calm investors, stating that 'OpenAI is a terrific partner, but not our only one,' and pointing to a client list including Meta, Microsoft, Google, Anthropic, IBM, Perplexity AI, and Jane Street.
The recovery was fueled by analyst upgrades. Oppenheimer maintained its Outperform rating and raised its price target from $140 to $150. Wells Fargo kept its Overweight rating and lifted its target from $125 to $135. Wells Fargo analyst Michael Turrin noted that CoreWeave locked in at least $63.9 billion in deals during Q1 2026, including multi-year contracts with Perplexity and OpenAI. Turrin also flagged that remaining performance obligations (RPOs) could be a catalyst once investors get a clearer look at the balance sheet.
On Tuesday, while the stock was selling off, ARK Investment bought 162,306 CRWV across its ARKK and ARKW ETFs, spending roughly $18.2 million — the largest trade of the day and a clear vote of confidence during the dip.
Despite the positive momentum, insider selling continues. On April 27, 2026, Chief Development Officer McBee Brannin sold approximately $5 million worth of Class A Common Stock under a pre-planned Rule 10b5-1 trading plan. The same day, insider Brian Venturo sold 375,000 shares for roughly $40.9 million, also under a pre-arranged plan. Combined, the two insiders offloaded more than $45 million in stock in a single day. The market, however, barely flinched, with CRWV trading up 8.2% to $114.19.
Analyst sentiment remains broadly positive. Of 33 analysts covering the stock, 20 rate it a Buy, 11 a Hold, and just 2 a Sell. The average price target stands at $125.78. DA Davidson lifted its target to $175 with a Buy, and Cantor Fitzgerald raised its target from $149 to $156 following a $6 billion compute agreement CoreWeave signed with Jane Street. Under that deal, Jane Street will use CoreWeave's compute capacity across multiple facilities and also invested $1 billion in CoreWeave at $109 per share.
CoreWeave reported revenue of $1.57 billion in its last quarter, up 110% year-over-year, but posted an EPS loss of $0.89, missing estimates of -$0.61. The company carries a debt-to-equity ratio of 4.46. Q1 2026 earnings are scheduled for May 7, 2026.
