Why Are CoreWeave Shares Sliding Monday?

by | Mar 2, 2026 | General

CoreWeave Inc. (NASDAQ:CRWV) shares are under pressure Monday morning. The decline comes amid broader risk-off sentiment, with the Nasdaq Composite dropping 0.69% amid escalating conflict in the Middle East.

Short Interest Surges to 18.86%

Short interest in CoreWeave increased from 46.67 million to 50.71 million shares during the last reporting period. This jump means 18.86% of the company’s float is now held short. Based on an average daily volume of 23.00 million shares, it would take short sellers approximately 2.2 days to cover their positions.

Guidance Weighs on Sentiment

The slide follows a Friday session where shares tumbled 18% after the company issued light first-quarter revenue guidance. CoreWeave projects first-quarter revenue between $1.9 billion and $2 billion, missing the $2.291 billion analyst consensus. Despite this, management reaffirmed full-year 2026 revenue guidance of $12 billion to $13 billion.

Technical Analysis

CoreWeave is trading 17% below its 20-day SMA and 20.9% below its 100-day SMA, showing the bounce has faded, and the stock is back under key trend gauges.

Even after a 98.90% gain over the past 12 months, shares are currently positioned closer to their 52-week lows than highs, reflecting how far price has retraced from the $187.00 peak.

The RSI is at 40.52, which sits in neutral territory but leans toward weaker momentum as it drifts away from the 50 level.

  • Key Resistance: $87.50
  • Key Support: $74.00

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the May 13, earnings report.

  • EPS Estimate: Loss of 99 cents (Down from Loss of 60 cents YoY)
  • Revenue Estimate: $1.96 Billion (Up from 98 cents Billion YoY)
  • Valuation: P/E ratio not available (loss-making/negative earnings)

The stock carries a Buy Rating with an average price target of $124.81. Recent analyst moves include:

  • HC Wainwright & Co.: Buy (Maintains Target to $180.00) (Mar. 2)
  • Macquarie: Neutral (Lowers Target to $90.00) (Feb. 27)
  • Mizuho: Neutral (Lowers Target to $95.00) (Feb. 27)

CRWV Price Action: CoreWeave shares were down 2.61% at $77.48 at the time of publication on Monday, according to Benzinga Pro data.

Photo by PJ McDonnell via Shutterstock