CoreWeave to acquire Core Scientific in $9 billion all-stock deal
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Mizuho Downgrades CoreWeave (CRWV) to Neutral
July 8, 2025 5:56 AM EDTMizuho analyst Gregg Moskowitz downgraded CoreWeave (NASDAQ: CRWV) from Outperform to Neutral with a price target of $150.00 (from $70.00).
The analyst comments "CRWV yesterday announced that it has agreed to acquire Core Scientific (CORZ, NC) for ~$9B in an all-stock transaction. We believe... More
DA Davidson Reiterates Underperform Rating on CoreWeave (CRWV), PT $36, 'More Financial Engineering'
July 7, 2025 2:21 PM EDTDA Davidson analyst Gil Luria reiterated an Underperform rating and $36.00 price target on CoreWeave (NASDAQ: CRWV).
The analyst comments "Earlier this morning, it was officially announced that CoreWeave has agreed to acquire former crypto miner Core Scientific (CORZ) in an all-stock transaction valued at ~$9B or $20.40 per share. We see this transaction as more financial engineering as CoreWeave leverages a high valuation to vertically integrate into owning land, buildings and power contracts, and maintain our UNDERPERFORM rating and $36 PT.... More
Macquarie Reiterates Neutral Rating on CoreWeave (CRWV), PT $65
July 7, 2025 1:14 PM EDTMacquarie analyst Paul Golding reiterated a Neutral rating and $65.00 price target on CoreWeave (NASDAQ: CRWV).
The analyst comments "Why it matters The deal expands CoreWeave's footprint, seeing it own ~1.3 GW of gross power across Core Scientific's US data center network, consisting of ~840 existing gross MW for Core Scientific's HPC contracts and ~500 gross MW crypto mining-allocated power capacity, plus an additional 1+ GW of potential gross power available for expansion. CoreWeave sees the vertical integration unlock from this deal as expected to boost operating efficiency while... More
