Is It Too Late to Buy CrowdStrike Stock?
The growing demand for cybersecurity solutions and the outstanding growth that (NASDAQ: CRWD) has been delivering thanks to the rapid adoption of its offerings have helped the stock clock impressive gains of more than 53% on the market this year, and the company's latest results suggest that its rally is here to stay.
Last week, CrowdStrike released fiscal 2024 second-quarter results for the three months ended July 31. The cybersecurity specialist delivered impressive year-over-year growth in revenue and earnings that easily bested Wall Street's expectations and its own guidance. Even better, CrowdStrike has raised its full-year revenue and earnings estimates.
Let's take a closer look at what's driving CrowdStrike's tremendous growth before finding out if investors should consider buying the stock following its impressive gains this year.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 99 Buy predictions and 1 Sell predictions.
As a result the target price of 196 € shows a slightly positive potential of 4.53% compared to the current price of 187.5 € for CrowdStrike Holdings Inc.
