CoreWeave Attracts Second Biggest Bullish Block Trade, Behind Tesla: Options Chatter
$CoreWeave (CRWV.US)$ attracted the second biggest bullish block trade in stock options so far Wednesday as shares climbed more than 5%, buoyed by optimism that the provider of cloud solutions to companies like OpenAI would continue to enjoy the tailwind growing adoption of artificial intelligence.
At 1:40:20 p.m. in New York, an active buyer paid a premium of almost $21 million for call options that give their holder the right to buy 1 million CoreWeave shares at $80 each by Oct. 17. No other transaction is bigger except for the $32.88 million premium paid for call options that give their holders the right to buy 350,000 $Tesla (TSLA.US)$ shares at $260 each by Oct. 3.
Cantor Fitzgerald analyst Thomas Blakey initiated coverage of CoreWeave with an overweight rating and a $116 price target, according to news reports published after the market closed Wednesday. That implies further upside for a stock that has already soared 143% since its initial public offering in March to $97.
Blakey is one of only eight analysts who have a buy rating on the stock, and they represent the minority among those who cover CoreWeave, according to data compiled by Bloomberg. About 56% of the analysts have a hold rating, while 12% say sell.
Still, analysts, on average, expect the stock to hit $128.86 over the next 12 months, implying a 33% upside potential from the current level.
While Blakey expects CoreWeave to benefit from secular growth trends in artificial intelligence, CFRA’s Angelo Zino sees “low visibility into sustainable profitability, as he anticipates the company to continue posting losses through 2026.
“In addition to the higher volatility associated with this company, we view CRWV as the riskiest way to play the AI theme across our coverage universe,” Zino said in a note to clients last week.
(To see CoreWeave's financial data, click the earnings hub here.)
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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MONEY TALKS : where do you get the option screener from?
Ayira :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
75382605 : It will rise.
Luzi Ann Santos OP MONEY TALKS : it’s from the link above that chart. It’s easier to find and sort on the desktop app. That was a simple screen of the bullish transactions sorted based on the premium from the biggest to the smallest. Those numbers were as of that time stamp.
高松宮 : For now, if you buy below 100, it should hold up until next year ^_^
74128907 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")