LightView AI Stock Analysis Summary
Nov 11, Issued 2026 (Wed) · As of Nov 10, 2026 close · 1/2CoreWeave CoreWeave, Inc. · CRWV · NASDAQ
Revenue grew 168.3% to $3.66B in the September quarter and beat consensus, but borrowings of $46.9B against $4.0B of equity keep the verdict balanced
Overall VerdictHOLDBull 3 · Bear 4 · Deferred 0
Price at Issue
$48.73
Nov 10, 2026 close · −0.5%
External Average Target Price
$131.53
+169.9% · 38 analysts
52-Week Low · High
$40.58 ~ $138.25
vs. high −64.8%
Next Earnings
TBD
Q4 2026 earnings
014 Key Data Points
Borrowings $46.9B vs equity $4.0BSep 30 (company Q3 release) · up 119.3% since Dec 31 on the same basis and 2.1x the $22.36B market cap
September-quarter revenue $3.66B, up 168.3%$1.36B a year earlier · up 42.2% from the June quarter
Revenue backlog $132.5BSep 30 · up 27.4% from about $104B at Jun 30 · 2026 revenue guide raised
Quarterly free cash flow −$7.47BCapex $9.44B vs operating cash flow $1.98B in Q3
02Research Team Debate — 6 Issues
| Borrowings of $46.9B×2 | Bear | Borrowings are 2.1x the $22.36B market cap and interest is about 4x operating income, so the ruling goes to Bear even with the backlog and prepayments. |
| Q3 results | Bull | The issue was whether results met expectations: revenue beat, operating income turned positive and guidance rose, so the ruling goes to Bull. |
| Backlog of $132.5B | Bull | Year-end active power is still guided to more than 1.85 GW and revenue guidance rose, so delivery is on plan for now; the ruling goes to Bull. |
| Five price target cuts | Bear | Target changes are judged by direction: five cuts and no raises among the five listed changes in 17 days, and revisions after the Q3 report are not yet in the data, so the ruling goes to Bear for now. |
| Insider selling | Bear | Net selling is 0.42% of market cap, above the 0.1% mark, and CEO and CFO both sold with no buying, so the ruling goes to Bear; stock compensation of 5.7% is below the automatic 10% rule. |
| Valuation | Bull | Even at 6.6x enterprise value to sales, the multiple is about 0.04 of the 168.3% growth rate, and growth supports it, so the ruling goes to Bull. |
The overall call is HOLD. The Q3 beat and raised guidance narrowed the gap, but borrowings, target cuts and insider selling keep Bear one vote ahead; the call reopens when analysts reprice after the report.
03Conditions That Change the Verdict
▲ Upgrade Conditions
- Analyst reactions to Q3If post-earnings revisions turn into target raises and the average holds above $131.53
- Reclaim the 20-day lineIf the close moves above the 20-day average of $56.31
- Q4 deliveryIf Q4 revenue lands inside the implied $4.69B–$4.99B and operating income stays positive
▼ Downgrade Conditions
- Net loss widensIf Q4 net interest exceeds the top of the $1.05B–$1.15B guide and the net loss exceeds $709M
- Support breaksIf the close falls below the 52-week low of $40.58
- More target cutsIf the average target falls below $100 with more firms cutting
LightView AI Stock Analysis Summary
Nov 11, Issued 2026 (Wed) · As of Nov 10, 2026 close · 2/204Quarterly Results Unit: $B
| Q3 2025 | Q4 | Q1 2026 | Q2 | Q3 |
|---|
| Revenue | 1.4 | 1.6 | 2.1 | 2.6 | 3.7 |
| Operating Income | 0.1 | -0.1 | -0.1 | -0 | 0.2 |
| Net Income | -0.1 | -0.5 | -0.7 | -0.6 | -0.7 |
| Operating Margin | 3.8% | -5.7% | -6.9% | -1.9% | 5.7% |
Operating margin5.7%Year ago 3.8%
Net margin−19.4%Year ago −8.1%
Operating cash flow margin54.0%Year ago 123.8%
Free cash flow margin−203.9%Year ago −51.3%
05P/S trend
5.8x
End of Dec 2025 (P/S)
06Street Opinions
Buy 32Hold 7Sell 3Avg $131.53 · High $278.00 · Low $39.00
Rosenblatt160Target cut
Wells Fargo115Target cut
Citigroup128Target cut
UBS105Target cut
07Financial Strength
Borrowings (9/30)$46.87B$21.37B → +119.3%
Equity (9/30)$4.03B$3.34B → +20.7%
Total assets (9/30)$91.48B$49.30B → +85.6%
Total liabilities (9/30)$87.46B$45.97B → +90.3%
08Recent News
- 11/10 Q3 beat after the close: revenue $3.66B and 2026 guidance raisedCompany release (SEC 8-K) Nov 10 · shares up about 8% after hours per a Stocktwits headline, not in the close
- 11/10 Shares edge lower 0.5% before the reportMotley Fool Nov 10 headline · close $48.73
- 11/9 Rebound of 5.6% as Rosenblatt and Wells Fargo cut targets but keep BuyYahoo Finance Nov 9 · Rosenblatt $250→$160, Wells Fargo $160→$115, both Buy/Overweight
09Upcoming Events
- Within 3 months · Customer prepayments and depositsCEO says about $9B is expected in the next three months
- November 13 (Fri) · Weekly options expiryMax pain $53 · put/call open interest 0.87
- November 20 (Fri) · Monthly options expiryMax pain $62 · put/call open interest 1.03
10Key Risks
- Borrowings of $46.9B and Q4 interest of $1.05B–$1.15BImpact High · Likelihood High · Watch Q4 results
- Net loss ($709M) far above operating income ($207M)Impact High · Likelihood High · Watch Q4 results
- Capex outruns operating cash flow (Q3 $9.44B vs $1.98B)Impact Medium · Likelihood High · Watch Q4 results
11Checkpoints
- ★★★ Analyst reactions to Q3Watch whether the first target raises appear after five straight cuts.
- ★★★ Interest and net lossWatch whether net interest of $846M rises toward the Q4 guide of $1.05B–$1.15B and widens the $709M net loss.
- ★★☆ Customer prepaymentsAbout $9B is expected in the next three months, which would ease funding needs.