CoreWeave shares gain analyst upside target as insider Brannin McBee sells large stake

Piper Sandler raised its price target for CoreWeave Inc. to $151, implying about 64% upside from the current $91.90 level. The analyst cited the company's expanding GPU‑as‑a‑Service backlog, new contracts with Meta, Anthropic, OpenAI and others, and expected margin improvement as the firm scales its AI infrastructure business.

Separately, insider Brannin McBee sold 144,000 CoreWeave shares on August 3 at an average price of $82.37, reducing his holding to roughly 323,263 shares. The transaction was executed under a pre‑arranged Rule 10b5‑1 plan and disclosed to the SEC.

Both developments highlight ongoing investor interest in CoreWeave’s growth prospects while noting a significant insider divestiture.