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CoreWeave shares plunge 57% amid $50B debt, but analysts see 150% upside on $104B backlog.

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04 Nov 2026, 14:15 WIB
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Bearish
CoreWeave shares plunge 57% amid $50B debt, but analysts see 150% upside on $104B backlog.

CoreWeave's stock has dropped over 57% in six months due to heavy debt concerns, with about $50 billion owed and bond yields implying a high default risk. Despite this, the company boasts a $104 billion revenue backlog and strong contract growth, with analysts projecting up to 150% upside based on future revenue and margin improvements. The key challenge remains managing debt costs and financing expansion to realize this potential. Investors await the next earnings report for signs of margin progress and stabilized borrowing costs to confirm the stock's value.

CoreWeave's market cap stands at $29.64 billion as of Nov 04, 2026 19:32 WIB, with an enterprise value of $75.71 billion indicating significant debt levels relative to equity. The stock price on Pluang is $50.61, down 5.82% on the day, while trading volume is 36,691,372 shares. Pluang users show a slightly higher inclination to sell, with 55% of order activity as of this time, reflecting cautious sentiment amid the company's financial challenges.

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