CrowdStrike Tests $412 Support as Options Traders Turn Bullish

Core Viewpoint - CrowdStrike Holdings Inc. reported strong earnings on August 27, but the stock has continued to decline due to overvaluation concerns, with a 6.7% drop in the last five days and over 13% in the last three months [3][5]. Financial Performance - The company indicated that its annual recurring revenue (ARR) will not fully reflect the success of its customer retention program for several quarters [5]. - Despite the strong earnings report, the stock's relative strength indicator is around 38, suggesting it may be oversold [5][9]. Stock Performance and Technical Analysis - As of the latest data, CRWD stock is trading around $412, near its 200-day simple moving average (SMA) [9]. - The stock has faced resistance around $430 to $440, with significant support expected around $400 [10]. - The options chain shows bullish positioning, with high volumes in out-of-the-money call options, indicating traders expect a short-term rebound [6][8]. Analyst Ratings and Forecasts - The 12-month stock price forecast for CrowdStrike is $460.10, indicating an 11.27% upside based on 43 analyst ratings [13]. - Analyst targets vary widely, with the highest at $555 and the lowest at $285, reflecting a mixed outlook post-earnings [14]. - The consensus rating remains a Moderate Buy, but top analysts are recommending other stocks over CrowdStrike [16].