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Trading List: Oct. 16 - Updates & Analyst Actions - CRWD

$CRWD - On our trading list with news today or analyst comments with our opinion & trade ideas.

Crowdstrike has price target raised by 2 analysts.


Crowdstrike price target raised to $175 from $160 at Piper Sandler

Piper Sandler analyst Rob Owens raised the firm's price target on Crowdstrike to $175 from $160 and keeps an Overweight rating on the shares following the company's annual user conference and related investor briefing. Management pointed to "rapid migration" to the cloud driving security transformation and believes that current estimates of the cloud security market reaching $2B in 2023 do not accurately reflect the reality of security challenges in the cloud, Owens tells investors in a research note. The analyst is "increasingly confident" in Crowdstrike's "market-leading" endpoint and cloud security solutions addressing a "rapidly growing" total addressable market.


Crowdstrike price target raised to $170 from $150 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm's price target on Crowdstrike to $170 from $150 and keeps a Buy rating on the shares following the company's annual user conference. Management highlighted Crowdstrike's "impressive" cloud-native architecture, and the company notably increased its emphasis on cloud protection, including two new modules, Moskowitz tells investors in a research note. The analyst remains confident that Crowdstrike is "extremely well positioned" and poised to take additional share from legacy and next-generation security endpoint vendors.


Our Take:  Our trading list as one of our tech picks. Good growth in a good business to be in right now. Maybe buy on any large dips. But we feel like it's a bit pricey currently for us. 50% gains in the last 4 months!


$CRWD, CrowdStrike Holdings, Inc. / H1



Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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