Argus cuts CoreWeave price target to $100 on debt concerns

Argus cut its price target for CoreWeave from $150 to $100, citing debt concerns, while maintaining a Buy rating. The stock has fallen sharply since mid-year amid worries about the company's financial expansion. CoreWeave's Q3 2026 revenue rose 168% year-over-year, beating consensus estimates, with GAAP losses also improving. Total debt reached $66.2 billion, and the current ratio was just 0.44, reflecting liquidity pressure. Argus noted the stock is only suitable for high-risk-tolerant investors. The company continues to secure new deals, including a $21 billion expansion with Meta Platforms in April 2026. Other analysts have mixed views, with UBS and Rosenblatt maintaining Buy ratings, while DA Davidson and Stifel cut targets due to funding and valuation concerns.