Crowdstrike Stock Forecast 2023: Latest Price

Article Coverage: CRWD Stock Performance, Latest CRWD News, Aggregated Forecasts, CRWD Latest Production Update, Reasons to Buy or Sell CRWD Stock, CRWD Investor Day Analysis, FAQs and Other detailed analysis.

CrowdStrike Holdings, Inc. (CRWD) is a cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity and data. The company was founded in 2011 and is headquartered in Austin, Texas. CrowdStrike’s stock market registered date is June 8, 2018.

Crowdstrike Stock Forecast 2023: Latest News

• CrowdStrike has been ranked as a finalist on the Singapore Best Workplaces in Technology for 2023 list. This achievement is a testament to the company’s dedication to cultivating an exceptional workplace culture.
• CrowdStrike partners with Okta to provide integrated security solutions. CrowdStrike announced a partnership with Okta, a leading identity and access management (IAM) provider. The partnership will integrate CrowdStrike’s Falcon platform with Okta’s IAM platform to provide customers with a more comprehensive security solution.

CRWD Stock Forecasts

Crowdstrike Stock Forecast 2023: Analysts

CRWD Target Price	$191
Cantor Fitzgerald	$180
Truist Securities	$200
Morgan Stanley	$175
BMO Capital	$167
Goldman Sachs	$195

CRWD Stock Forecast 2023: Performance in the Last 12 Months

• Last 6 Months: +37.9%
• Last 12 Months: +2.8%
• Year to Date (2023): +71.0%

Crowdstrike CRWD Stock Forecast 2023, 2024 and 2025

• Crowdstrike Stock Price Prediction 2023 is $247
• Crowdstrike Stock Price Prediction 2024 is $297
• Crowdstrike Stock Price Prediction 2025 is $322

• Crowdstrike Stock Price Prediction in the next 24 hours is between $239 and $243
• Crowdstrike Stock Price Prediction this week is between $233 and $246

Crowdstrike Stock Forecast 2023: CRWD Quarterly Financial Results

Second Quarter, 2023

CrowdStrike Holdings, Inc. (CRWD) released its financial results for the second quarter of fiscal 2024 on August 3, 2023.

Revenue: $731.6 million, up 37% year-over-year
Non-GAAP earnings per share: $0.74, up 105% year-over-year
Annual recurring revenue (ARR): $2.14 billion, up 59% year-over-year
Net new ARR: $218.1 million

CrowdStrike’s results beat analyst expectations on both revenue and earnings. The company’s strong growth was driven by continued demand for its cloud-delivered cybersecurity solutions from customers of all sizes. CrowdStrike also raised its full-year guidance for revenue and earnings.

CrowdStrike’s strong results and positive outlook are good news for investors. The company is a leader in the cybersecurity market, and its growth is expected to continue in the coming years.

Crowdstrike Stock Forecast 2023: Will CRWD reach $200 in 2023?

Whether CRWD reaches $200 in 2023 depends on a number of factors, including the company’s financial performance, the overall market environment, and investor sentiment.

CrowdStrike is a leading cybersecurity company with a strong track record of growth. The company’s revenue has grown by more than 50% in each of the past three years. CrowdStrike is also profitable and generates positive cash flow.

The overall market environment is also supportive of growth stocks like CRWD. The global cybersecurity market is expected to grow from $156 billion in 2022 to $326 billion by 2027. This growth is being driven by a number of factors, including the increasing number of cyberattacks, the adoption of cloud computing, and the growing number of connected devices.

Investor sentiment is also positive towards CRWD. The stock is highly rated by analysts and is included in many popular ETFs.

Based on these factors, it is possible that CRWD could reach $200 in 2023. However, it is important to note that there are no guarantees in the stock market. CRWD is a growth stock, and growth stocks can be volatile. Investors should carefully consider their own risk tolerance and investment goals before investing in CRWD.

CRWD Stock Forecast 2023: How High Will CRWD Go in 2023?

It is difficult to say how high CRWD will go in 2023, as the stock is still relatively new and there is a lot of uncertainty surrounding the company’s future. However, some analysts believe that CRWD could reach $200 per share in 2023, while others believe that it could go even higher.

The success of CrowdStrike’s cloud-delivered cybersecurity solutions will be a key factor in determining the performance of CRWD stock. If CrowdStrike can continue to grow its customer base and expand into new markets, CRWD stock could rise significantly. However, if CrowdStrike faces increased competition from other cybersecurity companies or if the company’s revenue growth slows down, CRWD stock could fall.

Other factors that could affect the performance of CRWD stock include the overall market environment, investor sentiment, and any news or developments related to the company.

Overall, the potential upside for CRWD stock in 2023 is significant, but there is also a risk of downside. Investors should carefully consider their own risk tolerance and investment goals before investing in CRWD stock.

Crowdstrike Stock Forecast 2023: Is CRWD a good stock to buy?

Here are some of the reasons why someone might want to buy CRWD stock:

• Leader in the cybersecurity market: CrowdStrike is a leading cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company is well-positioned to benefit from the growing demand for cybersecurity solutions.
• Strong track record of growth: CrowdStrike’s revenue has grown by more than 50% in each of the past three years. The company is also profitable and generates positive cash flow.
• Large addressable market: The global cybersecurity market is expected to grow from $156 billion in 2022 to $326 billion by 2027. This growth is being driven by a number of factors, including the increasing number of cyberattacks, the adoption of cloud computing, and the growing number of connected devices.
• Strong financial performance: CrowdStrike is a profitable company that generates positive cash flow. This gives the company the resources to invest in growth and innovation.

CRWD Stock Forecast 2023: Reasons Not to Buy CRWD Stock

Here are some of the reasons why someone might not want to buy CRWD stock:

• High valuation: CRWD stock is trading at a high valuation, with a price-to-sales ratio of over 20. This means that investors are paying a premium for the company’s growth potential.
• Volatility: Growth stocks like CRWD can be volatile. This means that the stock price can fluctuate wildly in the short term.
• Competition: CrowdStrike faces competition from other cybersecurity companies, such as Palo Alto Networks, Fortinet, and Microsoft.
• Regulation: The cybersecurity industry is subject to government regulation. Changes in regulation could impact CrowdStrike’s business.
• Economic downturn: A recession or other economic downturn could reduce demand for cybersecurity solutions.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.