Crowdstrike stock forecast incorporates a 2024 CAPEX plan aimed

CrowdStrike stock forecast incorporates a 2024 CAPEX plan aimed at expanding data center capabilities for faster threat analysis, a move analysts see as revenue-accretive. The consensus earnings estimate of $3.74 for the current fiscal year indicates a year-over-year change of +21%. This estimate has changed +0.9% over the last 30 days. However, bearish sentiment still exists, with several analysts lowering their price targets. One was Bernstein, which dropped its target from $371 to $343. CrowdStrike stock forecast for July reflects upward momentum following last quarter’s 32% revenue increase. Increased contract wins in the public sector are enhancing the company’s market position against key rivals.