Analyst Prices in Fresh Highs for CrowdStrike Stock

The brokerage bunch has been overwhelmingly bullish on CrowdStrike stock

Digital Content Manager
Apr 15, 2021 at 11:30 AM
facebook X logo linkedin


The shares of CrowdStrike Holdings Inc (NASDAQ:CRWD) are up 0.8% to trade at $210.10 this morning, after Deutsche Bank initiated coverage on the tech name with a "buy" rating and a $265 price target. The analyst noted that the firm was "in a sweet spot for two important secular trends of this decade; the rising importance of cybersecurity and cloud adoption," and added that the dollar flowing into the endpoint security is being underappreciated by investors. 

The equity has made moves to overcome a choppy pullback from its Feb. 16 record peak at $251.28. The 160-day moving average provided a springboard for the equity's late-March trough, and CRWD just broke past pressure at the 90-day moving average, which could move in as an area of support in the coming weeks. Year-over-year, CRWD is up 240%, though it's still trading just below its year-to-date breakeven. 

Analysts have been overwhelmingly optimistic on CrowdStrike stock. Of the 19 in coverage, 16 said "buy" or better coming into today. Plus, the 12-month consensus price target of $254.32 is a 21.5% premium to current levels, and represents what would be a fresh high for the security. 

Option traders have also been much more bullish than usual. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock sports a 10-day call/put volume ratio of 2.71, which stands higher than 75% of readings from the past year. 

Now looks like an opportune time to join these bullish bettors, too. The equity's Schaeffer's Volatility Index (SVI) of 44% stands higher than just 2% of readings from the past year, implying options traders are pricing in relatively low volatility expectations at the moment. What's more, CRWD's Schaeffer's Volatility Index (SVI) ranks at 98 out of a possible 100. This means the stock tends to exceed these volatility expectations -- a good thing for option buyers. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI