1 Green Flag for CrowdStrike in 2023, and 1 Red Flag
Before I give you potential reasons to invest or not in CrowdStrike Holdings (NASDAQ: CRWD) stock right now, allow me to explain why CrowdStrike is a compelling company in the first place, regardless of whether you buy shares today or choose to wait.
Valued at over $150 billion and growing fast (according to Fortune Business Insights), the cybersecurity space is a fertile hunting ground for good investment opportunities. For its part, CrowdStrike appears to be taking advantage of the growth in its space. In its fiscal first quarter of 2024 (which ended in April), the company generated revenue of $693 million. That's more than double its revenue in the same quarter just two years ago.
CrowdStrike grows by adding new customers. However, it also grows because customers adopt more products over time. In all, the company has about two dozen different software products, and customers are increasing their adoption rates. In Q1, 23% of its customers used seven or more of its products, up from 22% in the prior quarter.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is an absolute favorite of our community with 147 Buy predictions and no Sell predictions.
As a result the target price of 322 € shows a positive potential of 45.83% compared to the current price of 220.8 € for CrowdStrike Holdings Inc.
