Where Will CrowdStrike Stock Be in 1 Year?
's (NASDAQ: CRWD) stock surged 24% during after hours trading on March 5 following the release of its latest earnings report. For the fourth quarter of fiscal 2024, which ended on Jan. 30, the cloud-based cybersecurity company's revenue rose 33% year over year to $845.3 million and surpassed analysts' expectations by $5.3 million.
Its adjusted net income grew 112% to $236.2 million, or $0.95 per share, which also cleared the consensus forecast by $0.13. On a generally accepted accounting principles (GAAP) basis, it posted a net profit of $53.7 million -- which marked its fourth consecutive quarter of GAAP profitability and a big improvement from its net loss of $47.5 million a year ago. Those headline numbers looked healthy, but can CrowdStrike's stock head even higher over the next 12 months?
Source Fool.com
CrowdStrike Holdings Inc Stock
With 105 Buy predictions and not a single Sell prediction CrowdStrike Holdings Inc is an absolute favorite of our community.
With a target price of 341 € there is a slightly positive potential of 18.3% for CrowdStrike Holdings Inc compared to the current price of 288.25 €.