CrowdStrike In Strong Position For Cyber-Security Consolidation, Says RBC Analyst
Portfolio Pulse from Nabaparna Bhattacharya
RBC Capital Markets analyst Matthew Hedberg reiterated an Outperform rating on CrowdStrike Holdings, raising the price target to $180 from $170. The company is expected to report its Q1 2024 results on May 31, 2023, with an anticipated EPS of $0.51 and revenues of $676 million. CrowdStrike is in a strong position for cyber-security consolidation, with its TAM expected to expand to $43.6 billion by year-end.
May 30, 2023 | 6:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital Markets analyst raises CrowdStrike's price target to $180, expecting strong Q1 2024 results and cyber-security consolidation. The company's TAM is expected to expand to $43.6 billion by year-end.
The analyst's Outperform rating and raised price target indicate a positive outlook for CrowdStrike's stock price. The company's strong position in cyber-security consolidation and expanding TAM are expected to drive growth, leading to a positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100