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BTIG Maintains CrowdStrike(CRWD.US) With Hold Rating

Futu News ·  Nov 26 19:31  · Ratings

BTIG analyst Gray Powell maintains $CrowdStrike (CRWD.US)$ with a hold rating.

According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 10.8% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $CrowdStrike (CRWD.US)$'s main analysts recently are as follows:

  • Expectations for the upcoming quarterly results could surpass anticipations, following significant revisions downwards last quarter and a deliberate establishment of conservative and broad guidance to temper expectations post an unprecedented event.

  • Recent evaluations indicate that Crowdstrike's operational environment is stabilizing, following a July outage which appears to have been overlooked by market participants. This observation is supported by survey results and discussions with partners and customers this quarter, hinting at potential resilience as the company approaches its Q3 results.

  • Challenges persist for Crowdstrike from the July incident and near-term headwinds, yet the feedback from channels is improving due to low gross churn and early successes in renewals along with strategic initiatives.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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