Crowdstrike (CRWD, Financial) shares gained 5.57% on Thursday, Oct. 10, marking a 27.55% uptick year-to-date following an upgrade by RBC Capital's analysts as a top pick among software stocks.
Crowdstrike's previous price dip from the glitch which caused global tech outages was considered a moment to buy on low by RBC Capital. Currently Crowdstrike is still facing numerous legal challenges such as the potential $380 million suit from Delta Air after they cancelled 7,000 flights over five days.
The “short-term noise” surrounding Crowdstrike stock is believed to move past and the company is poised to emerge to a strong position. RBC believes that Crowdstrike shall return to its track and achieve $ 10 billion in its annual recurring revenue (ARR) by fiscal 2031. While the ARR for fiscal 2024 came at over $3.4 billion.
Crowdstrike's GF Score stands at 87 per 100, suggesting good outperformance potential with details as below:
The GF Score reveals that Crowdstrike has good growth of revenue with strong financial strength and modest profitability. The score is closely correlated to the long-term performances of stocks by backtesting from 2006 to 2021.
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