CrowdStrike Stock Has 32% Upside, According to 1 Wall Street Analyst
(NASDAQ: CRWD) is getting a lot of love from Wall Street this month. Analysts are scrambling to update their models after the company defied the dour outlook for cybersecurity stocks, beating estimates and raising guidance in its latest report released Tuesday. As a result, CrowdStrike received at least 26 price target increases so far this week. Furthermore, of the 49 analysts that cover the stock, 46 rate it a buy or strong buy, and not one recommends selling.
The most bullish among those calls comes courtesy of Wells Fargo senior analyst Andrew Nowinski, who increased his price target to a Street-high $435, up from $380, while maintaining an overweight (buy) rating on the stock. Even after a stock price surge following its results on Wednesday, that new target still represents an upside potential of 32%.
The analyst highlights CrowdStrike's growth, profitability, and free cash flow, calling them "unmatched in the industry." He goes further, saying the company is "firing on all cylinders" and that competition isn't hampering its growth. Nowinski calls CrowdStrike a "top pick" for 2024.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 161 Buy predictions and 1 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 312 € there is a positive potential of 40.38% for CrowdStrike Holdings Inc compared to the current price of 222.25 €.
