Crowdstrike (NASDAQ:CRWD) Price Target Raised to $75.00
Crowdstrike (NASDAQ:CRWD) had its price target increased by Credit Suisse Group from $60.00 to $75.00 in a research note published on Friday morning, The Fly reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently commented on CRWD. Nomura assumed coverage on shares of Crowdstrike in a research note on Wednesday, October 23rd. They set a buy rating and a $65.00 price target for the company. Jefferies Financial Group lowered their price objective on Crowdstrike from $67.00 to $61.00 and set a hold rating on the stock in a research note on Friday. Robert W. Baird dropped their target price on Crowdstrike from $75.00 to $65.00 and set a neutral rating for the company in a report on Monday, December 2nd. JPMorgan Chase & Co. increased their target price on Crowdstrike from $104.00 to $109.00 and gave the stock an overweight rating in a report on Friday, September 6th. Finally, Royal Bank of Canada cut their target price on Crowdstrike from $83.00 to $67.00 and set a sector perform rating for the company in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Crowdstrike presently has an average rating of Buy and an average target price of $77.10.
NASDAQ:CRWD opened at $50.89 on Friday. The stock’s 50-day simple moving average is $51.80. Crowdstrike has a 52 week low of $44.58 and a 52 week high of $101.88.
Institutional investors have recently modified their holdings of the stock. Warburg Pincus LLC acquired a new stake in shares of Crowdstrike in the 2nd quarter valued at $3,751,769,000. Vanguard Group Inc. bought a new stake in shares of Crowdstrike during the second quarter worth approximately $85,696,000. Jericho Capital Asset Management L.P. raised its stake in shares of Crowdstrike by 155.3% during the third quarter. Jericho Capital Asset Management L.P. now owns 2,050,104 shares of the company’s stock worth $119,542,000 after buying an additional 1,247,169 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Crowdstrike in the second quarter valued at approximately $68,481,000. Finally, Whale Rock Capital Management LLC acquired a new position in Crowdstrike in the second quarter valued at approximately $48,300,000. 32.05% of the stock is owned by institutional investors and hedge funds.
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