From Seekingalpha · Pythia Research · · 50s
CoreWeave Analyst Abandons Short Position
Pythia Research analyst shifts from shorting CoreWeave after 43% decline but maintains sell rating.
In brief
Pythia Research analyst shifts from shorting CoreWeave after 43% decline but maintains sell rating. Pythia Research analyst stops shorting CoreWeave despite 43% price drop after reevaluating its $104.2 billion backlog. Originally reported by Seekingalpha.
CoreWeave Backlog
Pythia Research analyst shifts from shorting CoreWeave after 43% decline but maintains sell rating.
Analyst's View Change
Analyst previously accepted unattractive balance sheet due to strong operating trajectory.
Financial Metrics
Goldman sees new contracts producing $13 million ARR per MW and 15% unlevered IRRs.
Bond Yield Risk
CoreWeave’s 2031 bonds yield roughly 15%, signaling substantial credit risk despite recent stabilization.
Rating Decision
I rate CRWV a Sell but avoid shorting after a 43% decline and report implied volatility approaching approximately 120%.
The essence
Pythia Research analyst stops shorting CoreWeave despite 43% price drop after reevaluating its $104.2 billion backlog.
