CoreWeave Bond Yields Hit 15.5%, Shares Sink to 17-Month Lows

CoreWeave Inc. (NASDAQ: CRWV) saw its bond yields rise to 15.58%, up from 11.3% in mid-August, as its 9.75% notes due October 2031 traded near 80.6 cents on the dollar. The company's shares dropped 2.8% to $59.39, marking a 32% decline over the past month and 57% from its June high of $138.25. Analyst ratings have varied, with Goldman Sachs upgrading CoreWeave to Buy but lowering the price target to $106, while HSBC maintained a Reduce rating with a $39 target. The average analyst target remains at $135, significantly higher than the current share price.