CrowdStrike Stock Surges After Earnings, Options Data Suggests Further Gains
CrowdStrike (CRWD) shares surged over 20% on August 27 after the cybersecurity firm reported its best quarter yet and raised full-year guidance. The company earned $0.31 per share with revenue of $1.47 billion, both exceeding market expectations. Options traders are showing bullish sentiment toward CRWD stock in contracts expiring September 18, as evidenced by a put-to-call ratio below 1.00 and an upper price target at $245—suggesting potential for more than 8% growth over the next four weeks. Citigroup analyst Fatima Boolani raised her price target to $260 following CRWD's strong performance. Wall Street currently has a 'Moderate Buy' consensus rating with a mean target of $211, which is below the current stock price. However, analysts are expected to revise their targets upward in response to CrowdStrike’s updated guidance for fiscal 2027 revenue and earnings.
Tickers: $CRWD
Topics: crowdstrike cybersecurity options_trading stock_movement