Austin, Texas-based CrowdStrike Holdings, Inc. (CRWD) provides cybersecurity solutions in the United States and internationally. The company has a market cap of $258.2 billion and offers a unified platform that provides cloud-delivered protection of endpoints, cloud workloads, identity, and data through a software-as-a-service (SaaS) subscription-based model.
Companies with a market cap of $200 billion or more are typically referred to as “mega-cap stocks.” CRWD fits squarely in that category, with a market cap above this threshold that reflects its size and influence in the software infrastructure industry. CRWD is one of the biggest providers of corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, threat intelligence, and other offerings to large corporations.
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Despite its strength, CRWD stock slipped 4.5% from its 52-week high of $263.87, reached on Sept. 24. The stock is up 48.6% over the past three months, outpacing the S&P 500 Index’s ($SPX) 5.3% rise during the same time frame.
www.barchart.comMoreover, the scenario remains the same in the longer term. The stock has grown 113.2% over the past 52 weeks, while SPX delivered 17.2% returns over the same time frame, lagging behind the stock.
CRWD has been trading above its 200-day moving average since May and also above its 50-day moving average since August, indicating bullish momentum.
www.barchart.comOn Sept. 23, CRWD stock rose 5% following the stock breaking out at a fresh 52-week high. Preceding that, Morgan Stanley analyst Keith Weiss reaffirmed a “Buy” rating and raised the stock’s price target to $254 from $238, caused by a broader sector tailwind from emerging "agentic AI" safety concerns, facilitating enterprise security spending. That, added to a recommendation from Nvidia CEO Jensen Huang mentioning CRWD’s role as the primary cybersecurity provider for the company, the role of cybersecurity stocks in the day and age of a massively expanding technology sector cannot be shrugged off. Companies like CRWD are perfectly positioned to capitalize on the need for AI and tech companies to secure their networks, protect sensitive information, and control who and what can access their systems.
When stacked against its rival, Fortinet, Inc. (FTNT), CRWD has outperformed. Over the past year, FTNT stock has grown 108.5%.
Analysts’ view of CRWD stock is moderately bullish. Among the 50 analysts covering the stock, the overall consensus rating is “Moderate Buy.” Its mean price target of $239.96 is below the current price level. However, its Street-high price target of $425 offers a 68.6% upside potential.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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