https://seekingalpha.com/news/3567682-crowdstrike-price-targ…
* Seeing a tailwind from the remote work trend, BTIG increase its CrowdStrike (NASDAQ:CRWD) price target from $67 to $80 (18% upside).
* The increased work from home shift will expand CRWD’s addressable market and drive “an acceleration in adoption of cloud form factors,” says BTIG.
* The firm says that CrowdStrike’s recurring revenue could grow about 50% in FY21 in a “reasonable upside scenario.”
* BTIG maintains a Buy rating on the company, which has a Bullish average Wall St. Analysts Rating.
After earnings, the stock jumped back up to around $48. I thought the shares should be worth AT LEAST $70-80.
Chris