These Analysts Revise Price Targets On CrowdStrike Following Q1 Results
Portfolio Pulse from Lisa Levin
CrowdStrike Holdings Inc (NASDAQ:CRWD) reported better-than-expected Q1 earnings with revenue of $692.58 million and EPS of 57 cents. The company forecasts Q2 revenue between $717.2 million and $727.4 million and EPS between 54 and 57 cents. Following the announcement, analysts revised their price targets, with Baird cutting it from $185 to $180, MoffettNathanson from $229 to $217, and Rosenblatt increasing it from $170 to $175.
June 01, 2023 | 11:19 am
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CrowdStrike reported better-than-expected Q1 earnings and provided strong Q2 guidance. Analysts revised their price targets, with Baird cutting it to $180, MoffettNathanson to $217, and Rosenblatt increasing it to $175.
CrowdStrike's better-than-expected Q1 earnings and strong Q2 guidance are positive factors for the stock. Although the stock dropped 11% in pre-market trading, the revised price targets from analysts indicate a potential upside in the short term.
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