Crowdstrike (NASDAQ:CRWD) Given New $77.00 Price Target at Barclays

Crowdstrike (NASDAQ:CRWD) had its target price raised by equities researchers at Barclays from $75.00 to $77.00 in a research note issued on Friday, The Fly reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 45.42% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Piper Jaffray Companies upped their price target on shares of Crowdstrike from $90.00 to $100.00 in a research report on Friday, September 6th. Summit Insights began coverage on shares of Crowdstrike in a research report on Wednesday, August 28th. They set a “hold” rating and a $75.00 price objective on the stock. SunTrust Banks upgraded shares of Crowdstrike from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Wednesday, October 2nd. Citigroup initiated coverage on shares of Crowdstrike in a research note on Monday, October 14th. They set a “sell” rating and a $43.00 target price on the stock. Finally, DA Davidson started coverage on shares of Crowdstrike in a report on Wednesday, November 27th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Crowdstrike presently has an average rating of “Buy” and an average price target of $77.87.

NASDAQ CRWD opened at $52.95 on Friday. The stock has a 50-day moving average of $51.84. Crowdstrike has a 52 week low of $44.58 and a 52 week high of $101.88.

Crowdstrike (NASDAQ:CRWD) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.12. The company had revenue of $125.10 million for the quarter, compared to the consensus estimate of $118.79 million. The company’s revenue was up 88.4% on a year-over-year basis. On average, research analysts expect that Crowdstrike will post -1.06 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. Warburg Pincus LLC purchased a new stake in Crowdstrike in the 2nd quarter worth $3,751,769,000. Jericho Capital Asset Management L.P. boosted its holdings in shares of Crowdstrike by 155.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 2,050,104 shares of the company’s stock valued at $119,542,000 after purchasing an additional 1,247,169 shares during the last quarter. Vanguard Group Inc. bought a new position in shares of Crowdstrike during the 2nd quarter valued at about $85,696,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Crowdstrike during the second quarter valued at about $68,481,000. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Crowdstrike during the second quarter valued at about $48,300,000. 32.05% of the stock is owned by institutional investors.

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The Fly

Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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