CRWD has had an insane run lately. If you check the last year, it sat grinding sideways and honestly even dipped into the low 400s for stretches. Then out of nowhere, it explodes to $768.95 now. Feels like everyone suddenly remembered that security isn’t optional. I don’t hate the setup but it’s not cheap down here. Not after almost doubling in just a few months.
That being said, I’m actually still leaning bullish, with a target of $900.00. The main thing for me: their enterprise pipeline keeps getting stronger, and recurring revenue is obviously sticky as hell. You don’t rip out your endpoint security in a tight IT budget cycle. Also, CRWD keeps landing federal contracts. Not the sexiest news but that’s real money and it gets investors comfortable paying up for growth.
The one thing that keeps me from going super heavy here is valuation. I mean, it’s priced like nothing ever goes wrong. If they miss guidance or even just guide cautiously next quarter, the stock probably eats a 15 percent drawdown in a session. Too many people are hiding in "safe" growth right now.
The next earnings report is the obvious catalyst. If CRWD can show that all this business momentum isn’t just hype and actually beat and raise again, I think it powers through $900.00 in the next 7 weeks. I’m playing defense with stops, but I think the risk/reward is worth it for a trade.
