On January 9, 2024, Morgan Stanley upgraded its outlook for CrowdStrike Holdings (NasdaqGS: CRWD) from Equal-Weight to Overweight. The average one-year price target for the company is set at $244.42, a decrease of 6.45% from its recent closing price of $261.28. This price target ranges from a low of $173.72 to a high of $294.00.
CrowdStrike is projecting annual revenue of $3,018 million, reflecting a 5.98% increase, with projected annual non-GAAP earnings per share at $2.03. Institutional ownership is growing, with 1,772 funds reporting positions, an increase of 122 funds or 7.39% in the last quarter. Total shares owned by institutions rose by 3.73% to 178,936,000 shares.
The put/call ratio for CrowdStrike stands at 1.17, indicating a bearish sentiment in the market.
