CrowdStrike Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
CrowdStrike Holdings, Inc. (CRWD) is set to release its Q3 2024 financial results on Nov. 28, 2023. Analysts predict earnings of 74 cents per share and revenue of $777.13 million. The company's CrowdStrike Falcon Go is now available on Amazon's Amazon Business. CRWD shares rose 0.3% to $211.20. Analysts from BTIG, Needham, Keybanc, Truist Securities, and Jefferies have recently updated their price targets for CRWD, all maintaining positive ratings and increasing their targets.
November 28, 2023 | 10:08 am
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POSITIVE IMPACT
Amazon now offers CrowdStrike's Falcon Go on its Amazon Business platform, potentially increasing the product's visibility and sales.
The availability of CrowdStrike's product on Amazon Business could lead to increased sales for Amazon, although the direct financial impact may be less significant compared to CrowdStrike.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
CrowdStrike is anticipated to report strong Q3 earnings with a positive year-over-year increase. Analysts have raised price targets, reflecting optimism in the company's performance and growth prospects.
The anticipation of positive earnings and recent analyst upgrades with high accuracy rates suggest a potential increase in investor confidence and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100