Crowdstrike Stock Alert ($CRWD)
Added 2024-07-19 12:15:39 +0000 UTCA week ago $CRWD was trading at $390 per share. It did 300% since my first video on it 3 years ago, in which I said it is one of my favorite stocks to own in every portfolio. It is now trading at $300 and might drop even further on some bad news, it pushed an update the crashed half of the entire world. Bad news indeed, but is the company worth 30% less today vs. a week ago?
I don't think so.
It has $1 billion free cash flow (up 200% in 3 years). It has $4B in cash and less then $1B in debt. It has improved revenue and net income by 200% over the past 3 years and is finally profitable for the first time. It dominates one of the biggest total addressable markets in the world right now and despite the recent screw up, it will remain a key player in a fast growing category.
If you liked this stock a week ago, it is now at 30% discount. Be smart and logical, while the rest of the market is being emotional. My price target for Crowdstrike ($CRWD) by 2030 is $670 bear case and $1,300 bull case.
Tom
Comments
The risk with Crowdstrike is that big companies all over the world have lost Millions of dollars of revenue due to their error and they may well be sured for the loss of income, if that was to happen then Crowdstrike could be bankrupted.
Ken Clifton
2024-07-20 21:38:15 +0000 UTCHi Tom can you talk about the PE ratio on this stock and why it is such?
Steve Varga
2024-07-20 17:41:30 +0000 UTC
