CoreWeave (CRWV), a company that operates AI-specific data centers powered by Nvidia’s (NVDA) chips, will release its second earnings report as a public company this afternoon, just before its IPO lockup period is set to expire on Thursday. Normally, lockups last about 180 days to stop insiders from selling shares, but in this case, it appears the restriction will end earlier, thereby freeing up about 83% of Class A shares. That could create selling pressure, especially since CRWV stock has climbed 225% in 2025.
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Interestingly, the timing is sensitive because the company is also planning a $9 billion all-stock acquisition of Core Scientific (CORZ), which is another data center provider. CoreWeave shares fell in June after the deal was announced, and some Core Scientific shareholders are reportedly considering voting against it. However, analysts are split on the lockup’s exact end date. Indeed, D.A. Davidson’s five-star-rated Gil Luria told Investor’s Business Daily that the language in CoreWeave’s original S-1 leaves room for interpretation, and it could still expire on September 24 or be managed through a secondary share offering.
Nevertheless, for the June quarter, analysts expect CoreWeave to post an adjusted loss of -$0.23 per share on revenue of $1.08 billion. Morgan Stanley, led by five-star analyst Keith Weiss, thinks that the company could beat these targets but warns that high investor expectations and the lockup expiration could put pressure on the stock. Separately, JPMorgan points to a global shortage of AI computing capacity and strong demand as major tailwinds. Still, it notes that the timing of big customer bookings and infrastructure rollouts can be unpredictable, therefore creating sharp quarter-to-quarter swings.
Is CRWV a Good Stock to Buy?
Turning to Wall Street, analysts have a Hold consensus rating on CRWV stock based on six Buys, 14 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average CRWV price target of $108.17 per share implies 19.7% downside risk.
