Analysts Have Eyes on Crowdstrike (CRWD) After Positive Investor Day

Trade CRWD Stock Your Capital Is At Risk
Ollie Martin
Updated: 8 Apr 2022

Key points:

  • Crowdstrike shares are trading at a daily gain of 3% after positive analyst updates
  • Analyst's find that the company is well-positioned for long-term robust growth
  • Ongoing innovation breeds rapid scaling opportunities in Cloud services and beyond

Crowdstrike (NASDAQ: CRWD) currently trades at a daily gain of 3.4%, on a 3 month gain of 18.5%. The company is arguably one of the best-positioned cyber security companies, boasting a broad, flexible security platform and a strong fundamental strategy.

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Cyber stocks like CRWD are picking up more and more attention as digital strongholds slowly become the revolving centerpiece of modern business and technology. Investor days are one of the top ways of sharing company vision, fundamentals, and long-term strategy in a bid to breed positive sentiment; so let’s see what analysts had to say about Crowdstrike.

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Canaccord analyst T.Michael Walkley raised the firm's price target to $260 from $238 whilst maintaining the firm's current Buy rating. Walkley found that Crowdstrik seems well situated for robust long-term growth, especially given the promising edge of native cloud technology versus closely-held peers in Endpoint Security. Walkley also noted the important expansion into “tangential segments”, and what this could do for honing in on a larger share of security budgets.

Expansion was also a key takeaway from Morgan Stanley analyst Hamza Fodderwala, observing efforts to create a broader security system through newer modules that should help drive durable long-term growth. Fodderwala didn’t register “any major surprises”, with the company’s FY36 ARR target of $5B+ sitting in line with the firms existing target.

On much of the same, Baird analyst Jonathan Ruykhaver appreciated ongoing innovation within the company and the meaningful opportunities that lie ahead for Crowdstrike; noting, in particular, the rapid scaling potential of FalconXDR, Cloud solutions, Fusion, and log management. 

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