Analyst, Options Bulls Target CrowdStrike Stock After Improved Margin Outlook

CRWD is up over 50% since the start of the year

Deputy Editor
Sep 21, 2023 at 10:37 AM
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CrowdStrike Holdings Inc (NASDAQ:CRWD) is on the rise today, following the company's improved margin outlook. No fewer than 11 analysts lifted their price targets as well, with the highest coming from Needham to $215 from $200.

At last glance, CRWD was up 1.3% at $165.98 -- earlier as high as $171.00. The security is firmly above all notable short- and long-term moving averages, with its 20-day trendline lingering below as potential support. Since the start of the year, CrowdStrike stock is up 57.7%. 

Options traders are taking a cue from analysts today as well. So far, 12,000 calls have been exchanged, which is double the amount typically seen at this point, in comparison to 6,792 puts. 

These options are well-priced at the moment, too. CRWD's Schaeffer's Volatility Index (SVI) of 35% ranks in the low 6th percentile of its annual range, meaning options traders are pricing in low volatility expectations. 

 

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