12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming

Core Viewpoint - CrowdStrike Holdings Inc. (NASDAQ: CRWD) stock has shown volatility, reaching new all-time highs but subsequently experiencing declines, including a nearly 10% drop recently. Analysts remain optimistic ahead of the upcoming earnings report, with many raising their price targets significantly above the current share price [3][8][10]. Analyst Sentiment - A notable increase in analyst price targets for CRWD stock has been observed, with 12 analysts raising their targets in November alone. The targets range from a low of $515 to a high of $800, indicating strong bullish sentiment [5][6]. - The consensus price target stands at $537.49, with the low target being the only one below this consensus [6]. Earnings Guidance - CrowdStrike's Q2 earnings report provided guidance for Q3 revenue between $1.208 billion and $1.28 billion, reflecting a 19% year-over-year increase. The company also guided for earnings per share (EPS) between 93 and 95 cents for Q3, which would be flat year-over-year at the low end [9]. - Analysts appear to be raising their targets in anticipation of a stronger earnings report than what CrowdStrike's own guidance suggests, which could lead to a reversal if actual results do not meet these heightened expectations [10]. Stock Performance and Trends - Despite recent volatility, CRWD stock has increased approximately 21% since the Q2 earnings release in August. The stock has maintained a long-term uptrend, with key support near $480, suggesting potential for solid long-term upside [8][9][11]. - The stock has been in a bull market since a significant pullback in February, indicating resilience in its performance [11].