$CrowdStrike Holdings, Inc.(CRWD)$ Monthly Analysis
Technical Setup: This past July we saw a sharp decline CRWD’s stock price due to a flawed software update that caused widespread system crashes. Since then we have almost recovered fully and close to breaking ATH’s. CRWD broke out of a Cup’N’Handle pattern last month and is looking for a continuation move past ATH’s towards 550 by the end of 2025. If we see 400 hold, this will see a strong momentous move to 550 and potentially 600.
Earnings Highlight: Crowdstrike saw a 29% YoY revenue increase reaching its first $1 billion quarter. The company also achieved $4.02 billion in annual recurring revenue, an increase of 27% YoY.
Cybersecurity Growth: The global cybersecurity market is projected to grow to $567.72 billion by 2032, currently it's sitting at $193.73 billion.
Partnerships: CrowdStrike opened partnerships with CardinalOps, Nagomi, and Veriti back in October to deliver intelligence-led threat defense across the enterprise. We can definitely expect more partnerships to occur in FY’25.
Leader in CyberSecurity: In endpoint security CrowdStrike has been named the leader for 5 consecutive years. They are working towards becoming a full cybersecurity platform that addresses the cloud, threat intelligence, and identity protection. They do face competition from Palo Alto, Microsoft, and ZScaler; however, their cloud-native architecture makes it easy to scale across small businesses to Fortune 500 companies.
My conservative price target for CrowdStrike is $550 by the end of 2025.
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