Why CrowdStrike Stock Is Flying Higher Today
Shares of CrowdStrike (NASDAQ: CRWD) surged higher on Monday. The company's stock had gained 3.7% as of 10:50 a.m. ET but had been up as much as 5.4% earlier in the day. The move up comes as the S&P 500 and Nasdaq Composite had gained 0.2% and 0.3%, respectively.The cybersecurity company received a rating upgrade from analysts at BTIG, and that seemed to be driving investor optimism.Brokerage and investment bank BTIG upgraded its CrowdStrike rating from neutral to buy on Tuesday. The analysts there reportedly believe that there is a clearer picture of CrowdStrike's revenue growth over the next two years. They see a potential 2.5% to 8% upside to current Wall Street forecasts for the company's fiscal 2027 annual recurring revenue (ARR), a key metric. The company's fiscal 2027 will end in January 2027.Continue reading
Shares of CrowdStrike (NASDAQ: CRWD) surged higher on Monday. The company's stock had gained 3.7% as of 10:50 a.m. ET but had been up as much as 5.4% earlier in the day. The move up comes as the S&P 500 and Nasdaq Composite had gained 0.2% and 0.3%, respectively.
The cybersecurity company received a rating upgrade from analysts at BTIG, and that seemed to be driving investor optimism.
Brokerage and investment bank BTIG upgraded its CrowdStrike rating from neutral to buy on Tuesday. The analysts there reportedly believe that there is a clearer picture of CrowdStrike's revenue growth over the next two years. They see a potential 2.5% to 8% upside to current Wall Street forecasts for the company's fiscal 2027 annual recurring revenue (ARR), a key metric. The company's fiscal 2027 will end in January 2027.
