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CoreWeave stock drops 31% in a month amid debt fears, Goldman Sachs sees recovery if conditions improve.

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28 Oct 2026, 21:03 WIB
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Bearish
CoreWeave stock drops 31% in a month amid debt fears, Goldman Sachs sees recovery if conditions improve.

CoreWeave's stock fell 31% in the past month due to investor concerns over its rising debt and negative cash flow as it expands GPU capacity for AI workloads. Goldman Sachs projects CoreWeave's debt could reach $100 billion by 2028 and expects free cash flow to remain negative through that year. Despite this, Goldman Sachs rates CoreWeave a Buy with a $106 price target, contingent on factors like longer GPU lifespans and client prepayments to reduce borrowing. The upcoming Q3 2026 report and broader AI spending trends will be key to assessing whether CoreWeave can regain its stock price above $70.

As of Oct 29, 2026 01:22 WIB, CoreWeave's stock trades at USD 61.38 on Pluang, showing a 3.04% gain in the last day. The company's market cap stands at $32.86 billion, with a significant majority of Pluang users (98%) buying the stock. This strong buying interest contrasts with the recent price drop noted in the article, highlighting active investor engagement despite concerns about debt and cash flow.

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