Loading...
Loading...
Browse all stories on DeepNewz
VisitMorgan Stanley Raises CrowdStrike Price Target to $422, Maintains Buy Rating, Sees 7% Increase
May 28, 2024, 12:01 PM
Morgan Stanley has reiterated its Buy rating on CrowdStrike (CRWD) and raised the price target to $422 from $372. The firm believes that CrowdStrike will surpass $5 billion in Annual Recurring Revenue (ARR) by the calendar year 2025, positioning it ahead of its peers in the SaaS sector. Morgan Stanley also named CrowdStrike as a top pick and sees the company's market capitalization topping $100 billion over the next year. The stock saw a 7% increase following the announcement. Morgan Stanley maintains its Overweight rating on the stock.
View original story
Markets
No • 50%
Yes • 50%
Public stock market data and valuation
No • 50%
Yes • 50%
Public stock market data
Yes • 50%
No • 50%
CrowdStrike's official financial disclosures
Upgrade to Strong Buy • 25%
Downgrade to Sell • 25%
Maintain Buy • 25%
Downgrade to Hold • 25%
Analyst reports and ratings
No change • 25%
Moderate increase • 25%
Significant increase • 25%
Decrease • 25%
Quarterly financial reports
Below average performer • 34%
Top performer • 33%
Average performer • 33%
Comparison of stock performance data