CrowdStrike Holdings Inc. (NASDAQ: CRWD) shares took the limelight for all the wrong reasons this quarter. CrowdStrike caused the global internet outrage in Microsoft, which led to the grounding of flights and turmoil in hospitals, among other things. Despite being in the news for all the wrong reasons, CRWD is up nearly 19% year-to-date.
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Investors are taking an entry position into the stock as several analysts have called it the ‘buy’. CrowdStrike shares ended Monday’s trade at $293, slipping nearly 2.5% in the day’s trade. It shed close to seven points in the indices and is now below the $300 mark.
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CrowdStrike Shares Could Reach Close To $325, An Upside of 10.5%
Source: Stefano RELLANDINI / AFP
Wall Street’s TipRanks has revised its prediction for CrowdStrike shares, terming the stock bullish. TipRanks’ latest forecast indicates a ‘strong buy’ for CRWD with an average price target of $323. That’s an uptick and return on investment (ROI) of approximately 10.5% from its current price of $293. An investment of $1,000 could turn into $1,100 if the forecast turns out to be accurate within the next 12 months.
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While this is the average trading price prospect, the analytical firm has estimated that a bullish thesis could also make CrowdStrike shares hit $400. That is only if the global markets remain favourable for the next 12 months without any hindrances. If the bullish forecast turns accurate, that would be a dramatic surge of 36% in 12 months. Therefore, an investment of $1,000 could turn into $1,360 if the prediction turns true.
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“Based on 41 Wall Street analysts offering 12-month price targets for CrowdStrike Holdings in the last 3 months. The average price target is $323.42 with a high forecast of $400.00 and a low forecast of $265.00. The average price target represents a 10.33% change from the last price of $293.14,” for CrowdStrike shares, read the forecast.
