CoreWeave (CRWV) is set to report its third-quarter earnings after the market closes on Monday, November 10, and options traders are pricing in a 16.75% move in either direction. This large swing reflects high expectations about the artificial intelligence (AI)-powered cloud computing company amid a competitive landscape. Also, the implied move is larger than Coreweave’s average post-earnings move (in absolute terms) of 11.7% over the past two quarters.
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Wall Street expects CoreWeave to report a loss per share of $0.40 on revenue of $1.29 billion for the third quarter.
What to Watch on November 10
At the upcoming report, investors will watch how CoreWeave is managing high demand for AI cloud services while keeping costs in check. The company has grown quickly this year, but rising competition and heavy spending have raised questions about how long that pace can last.
Key things to watch include data center growth, new customer deals, and any signs of stronger demand for AI workloads. Investors will also look for updates on future spending plans and partnerships that could help CoreWeave expand its reach.
(Note: You can read the full CoreWeave earnings preview here — CoreWeave Is About to Report Q3 Earnings. Here’s What to Expect.)
Is CRWV a Good Stock to Buy?
Overall, Wall Street has a Hold consensus rating on CoreWeave stock based on 13 Buys, 11 Holds, and one Sell recommendation. The average CRWV stock price target of $156.87 indicates about 46.70% possible upside from current levels.
