CoreWeave Inc. (NASDAQ:CRWV) shares are in the spotlight Monday ahead of the company’s second-quarter earnings report due Tuesday.
- CoreWeave shares are showing limited movement. What should traders watch with CRWV?
Earnings Preview & History
CoreWeave is expected to report a loss of $1.22 per share along with revenue of $2.56 billion. For the prior quarter, the company reported revenue of $2.08 billion, beating the consensus estimate of $1.97 billion. EPS came in at a loss of $1.12, missing the consensus estimate of a 90-cent loss.
What to Watch
Investors will be closely tracking CoreWeave’s contracted backlog, which stood at $99.4 billion entering the quarter, for signs of continued growth after nearly $40 billion in new contracts were added in the first quarter. Margin trajectory will also be in focus, with management signaling that profitability bottomed last quarter and operating margins are expected to climb toward the high single digits this quarter and into double digits by year-end.
Commentary on capital expenditures — guided at $31 billion to $35 billion for 2026 — along with any updates on power availability and data center capacity constraints, should provide further clues on how quickly the company can convert demand into revenue.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $140.25. Recent analyst moves include:
- Citigroup: Buy (Lowers Target to $142.00) (Aug. 5)
- Rosenblatt: Buy (Maintains Target to $250.00) (Aug. 5)
- Piper Sandler: Initiated with Overweight (Target $151.00) (Aug. 3)
CoreWeave Trades Above Its 20-Day, Below Its 200-Day
CoreWeave is trading 16.7% above its 20-day SMA ($78.14), but it’s still trading 1% below its 50-day SMA ($92.13) and 2.6% below its 200-day SMA ($93.65), which keeps the longer-term trend picture mixed. That “stuck between” posture often leads to sharper moves once price either reclaims the longer averages or rolls back under the shorter-term trend.
The bigger overhang is the death cross that formed in July (the 50-day SMA below the 200-day SMA), a classic signal that the intermediate trend has been under pressure. On the flip side, the stock is well off its July swing low and is now closer to the middle of its $60.55 to $153.20 52-week range, suggesting the bounce has had real follow-through even if it hasn’t fully repaired the trend.
For momentum, MACD is the cleaner read right now: it’s above its signal line and the histogram is positive, which points to improving momentum versus the prior downswing. In plain English, when MACD is above its signal line, it suggests downside pressure is easing and buyers are gaining traction, even if the stock still needs to clear key trend levels to confirm a full reversal.
- Key Resistance: $95.00 — a round-number area that also sits near the 200-day moving-average zone, where rebounds can stall
- Key Support: $91.00 — a nearby pivot area close to current price that can act as a first “line in the sand” for dip buyers
CoreWeave Shares Trade Higher
CRWV Price Action: At the time of publication, CoreWeave shares are trading 0.92% higher at $91.50, according to data from Benzinga Pro.
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