CoreWeave (CRWV) Shares Slide 8% Amid Insider Selling and Morgan Stanley Downgrade
CoreWeave shares tumbled 8% in pre-market trading after Morgan Stanley's Hold rating and a $99 price target cast doubt on near-term growth prospects. The bearish sentiment compounded with insider Brannin McBee selling 133,330 shares (-29% stake) and Blue Owl Capital's failed data center funding.
Q4 earnings loom on February 26 with analysts forecasting $1.53B revenue (105% YoY growth). Current Wall Street consensus remains "Moderate Buy" with $125.45 average target, suggesting the dip may present a buying opportunity for bulls.
Morgan Stanley's Keith Weiss cited operational bottlenecks in the tight supply market as a key concern. The firm demands demonstration of scaled power capacity beyond 850MW and resolution of construction delays before reconsidering its position.
