Why Crowdstrike is a Strong Buy Again, According to Analysts

SAAS and fuzzy pandas … It’s never a dull day in the market. Here’s what our research team Jessie Moore and Dan Simms are watching RN:

Hot or Not: Stock Market Edition 

Symbol: DJIA 🥶

Price: 40,755.75

Change: -219.22

% Change: -0.54

Symbol: Nasdaq 🔥 

Price: 17,127.66

Change: +43.36

% Change: +0.25

Symbol: S&P 500 🥶

Price: 5,503.41

Change: -16.66

% Change: -0.30

* As of market close yesterday

🔥 HOT: Search-as-a-service company Yext (NYSE: YEXT) gained 13.2% on Thursday after its latest earnings reports surpassed analysts’ expectations. The company’s second-quarter EPS was $0.07, while experts anticipated a loss of $0.03 per share. The company has been trading in a slightly down-trending range all year and is still down 5.6% YTD, even after Thursday’s gain.

🥶 NOT: Electronic security systems company NAPCO Security Technologies (NASDAQ: NSSC) fell by 20.6% on Thursday after Fuzzy Panda Research disclosed a sizable short position in the company. NAPCO is being investigated for accounting fraud and financial manipulation and is now up just 2.1% YTD after being up nearly 75% as of the end of August.

🔥 HOT: G-III Apparel Group (NASDAQ: GIII) gained 21.9% on Thursday after beating earnings projections by 90% and showing an EPS growth of 45% compared with the same quarter of last year. G-III’s stock is still down 9.2% YTD despite strong buying after its previous three earnings reports.

🥶 NOT: Verint Systems (NASDAQ: VRNT) second-quarter earnings and revenue both missed the mark on Thursday, leading to an 11.2% drop in the company’s stock price. The company’s EPS was 7.55% lower than analysts expected and its revenue was lower than the consensus estimate by $2.6 million.

📈 Want more? Check out the biggest winners and biggest losers on WSZ. 

Strong Buys: Top Picks from Top Wall Street Analysts 

Don’t follow just any analyst recommendations. WallStreetZen's Top Analysts is like a fast-forward button, allowing you to breeze by second-rate stock ratings and focus on the best of the best. It’s a premium feature on our site, but we’ve unlocked a FREE sampling below: 

1- Dell Technologies (NYSE: DELL) 

Analyst/Firm: Wamsi Mohan / Bank of America

Analyst ranking: Top 5% / average return +15.5% / win rate 63% 

Yesterday’s market close: $107.16

Price target: $155.00 

• Maintaining a Strong Buy rating, Bank of America's Wamsi Mohan raised their price target on Dell Technologies (NYSE: DELL) by 3.3% from $150 to $155 on 8/30, following the company’s earnings on 8/29. 
• Mohan noted that Q2's bottom beat the consensus estimate by $0.18, but management guided Q3's earnings to $0.17 below the Street view.
• FY 2025's revenue was raised by $1.5B at the midpoint, the analyst continued.
• Looking ahead, Mohan told readers that BofA reiterated its Strong Buy because "we are still in the early stages of AI adoption."
• The firm expects Dell Technologies to deliver margin growth over time on better mix, and predicts a tailwind from the upcoming PC refresh cycle and longer-term AI PC adoption, the analyst added.
• See why select analysts forecast over 50% potential upside for DELL in the next year.

1-year chart for DELL, courtesy TradingView

2 - CrowdStrike Holdings Inc. (NASDAQ: CRWD) 

Analyst/Firm: Shaul Eyal / TD Cowen

Analyst ranking: Top 7% / average return +19.37% / win rate 65% 

Yesterday’s market close: $256.43

Price target: $380.00 

• TD Cowen's Shaul Eyal lowered their price target on Crowdstrike Holdings (NASDAQ: CRWD) by 5% from $400 to $380 on 8/29, but maintains a Strong Buy rating.
• Eyal's price target cut followed Crowdstrike Holdings' 8/28-dated Q2 2025 print, which showed a decline in management's FY 2025 guidance.
• The analyst detailed that the midpoint of FY 2025 revenue growth guidance is $98M, lower than the previous outlook.
• Factors that contributed to Crowdstrike Holdings' robust Q2 performance, according to Eyal, included: Revenue and ARR growth of 32%, and Strong Cloud, Identity, and Next Gen SIEM results.
• Even after the company’s recent difficulties, analysts believe CRWD could soar past $400 in the coming year. Find out why. 

1-year chart for CRWD, courtesy TradingView

3- Pure Storage (NYSE: PSTG) 

Analyst/Firm: Krish Sankar / TD Cowen

Analyst ranking: Top 6% / average return +18.67% / win rate 65% 

Yesterday’s market close: $46.94

Price target: $70.00

• TD Cowen's Krish Sankar lowered their price target on Pure Storage (NYSE: PSTG) by 12.5% from $80 to $70 on 8/29, but maintains a Strong Buy rating. 
• Pure Storage reported its Q2 earnings on 8/28.
• Sankar summarized the print as mixed, with a Q2 beat offset by Q3 guidance below expectations.
• Management reiterating its FY 2025 guidance "wasn't enough to satisfy the bulls," the analyst said, "but a hyperscale design win, which management remains confident about, would improve sentiment."
• Click here to see why PSTG is our Stock of the Week.

1-year chart for PSTG, courtesy TradingView

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