CrowdStrike (CRWD, $256.15) shares boosted to buy from hold at Stifel
Shares of cloud-based cybersecurity company CrowdStrike Holdings was upgraded to buy from hold at Stifel. The analysts also hiked the price target raised to a Wall Street-high of $300 a share from $240.
Stifel analysts mentioned that a survey it conducted of CrowdStrike customers reflects the growing customer demand for consolidating security functionalities with CrowdStrike over time as well as extending their CrowdStrike deployments.
Analyst Brad Redback of Stifel said he sees significant room for CrowdStrike to gain new customers. According to Redback, the company over time can boost its customer count to more than 100,000 (that is, nearly 10 times the 11,420 customers the company reported in its January quarter).
Stifel is expecting a greater use of CrowdStrike's Falcon endpoint protection program that should enable the company to reach the higher end of its non-GAAP subscription gross-margin target range of between 77% and 82% faster than investors currently expect.
CRWD in upward trend: 10-day moving average crossed above 50-day moving average on May 17, 2023
The 10-day moving average for CRWD crossed bullishly above the 50-day moving average on May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 08, 2023. You may want to consider a long position or call options on CRWD as a result. In of 61 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CRWD just turned positive on May 09, 2023. Looking at past instances where CRWD's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
CRWD moved above its 50-day moving average on May 08, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRWD advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 283 cases where CRWD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CRWD moved out of overbought territory on June 02, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 53 cases where CRWD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRWD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRWD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (22.779) is normal, around the industry mean (31.438). P/E Ratio (0.000) is within average values for comparable stocks, (167.584). Projected Growth (PEG Ratio) (2.033) is also within normal values, averaging (4.139). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (14.837) is also within normal values, averaging (75.238).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CRWD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company, which provides cloud-delivered solution for next-generation endpoint protection.
Industry PackagedSoftware
CRWD and
Correlation & Price change
A.I.dvisor indicates that over the last year, CRWD has been closely correlated with ZS. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if CRWD jumps, then ZS could also see price increases.
| Ticker / NAME | Correlation To CRWD | 1D Price Change % | ||
|---|---|---|---|---|
| CRWD | 100% | +1.82% | ||
| ZS - CRWD | 78% Closely correlated | +3.98% | ||
| CYBR - CRWD | 70% Closely correlated | -0.09% | ||
| ESTC - CRWD | 70% Closely correlated | +0.75% | ||
| DDOG - CRWD | 70% Closely correlated | +1.60% | ||
| NET - CRWD | 70% Closely correlated | -1.03% | ||
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