CrowdStrike Holdings Inc. (NASDAQ: CRWD) is one of the world’s leading data protection experts, according to Morgan Stanley. On Monday, June 6, analysts improved their outlook on CRWD stock.
CrowdStrike Holdings offers a variety of cybersecurity services, including endpoint protection, ransomware blocking, and more. The main markets targeted by the company are promising and fast-growing. That is why CrowdStrike Holdings remains in the spotlight of investors.
CrowdStrike Holdings Inc. (CRWD) creates new concepts for protecting the information space and seeks to create comprehensive solutions that could protect sensitive data at different stages of the customer’s business life cycle.
Investment bank Morgan Stanley on Monday, June 6 upgraded CRWD to overweight and raised its target price to $215 per share, more than 30% above the current price. Analysts named CrowdStrike a leading cybersecurity specialist in a growing market characterized by strong demand for cybersecurity. There is currently a good buying opportunity for stocks that are trading more than 40% below their 52-week highs.
Although CrowdStrike Holdings Inc. (CRWD) remains unprofitable, it is growing revenue in double digits. According to Wall Street analysts, in the coming years, CrowdStrike Holdings will grow at a rate of less than 50%, but on average about 40% per year.
The news about the improved forecasts supported CrowdStrike Holdings Inc. (CRWD) prices: at the trading on June 6, the share of CRWD has risen in price by more than 4% to $168.97.
CrowdStrike Holdings Inc. (NASDAQ: CRWD) shares have gained 4.24% or $6.87 in the most recent trading session, bringing the year-to-date (YTD) loss to -17.47 percent. The stock’s 12-month performance, on the other hand, is approximate -21.56% lower.
CRWD stock has dropped -14.25 percent in the last six months and has moved 0.94% in the last three months. When we look at the shorter time frame, we can see that the week performance is up 1.29% and the month performance is down -6.64 percent.