Stock Track | CoreWeave Plunges 5.11% as Mizuho Slashes Target Price Amid Profitability Concerns

Stock Track12-17 22:50

CoreWeave, Inc. (NASDAQ: CRWV) plummeted 5.11% during intraday trading on Wednesday after Mizuho Securities cut its target price for the AI infrastructure company from $120 to $92. The downgrade reflects growing skepticism about CoreWeave's ability to meet its aggressive growth targets amid rising financing costs and operational hurdles.

The stock's decline extends a months-long slump, driven by concerns over its $14 billion debt load, construction delays, and delayed profitability. Analysts now expect CoreWeave to report a net loss of $1.09 billion in 2025, with profitability unlikely before 2027. Investors are increasingly wary of the company's high capital expenditures and supply chain bottlenecks, which have eroded confidence despite its early post-IPO gains.

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