Bond.az - Guggenheim reiterated a Neutral rating on CrowdStrike Holdings (NASDAQ:CRWD). The firm cited valuation concerns despite positive business fundamentals ahead of the fiscal first-quarter 2027 earnings report on June 3.
Trading at $671.55 with a market cap of $170.93 billion, the stock appears overvalued.
Guggenheim said the fiscal Q1 2027 setup looks favorable with upside potential to total revenue and annual recurring revenue. The company should guide Q2 in line with Street expectations.
More difficult comparisons lie in the second half of fiscal 2027, but the full-year revenue guidance remains attainable with room for an upward revision.
Field checks were positive. Three of five partners exceeded expectations. U.S. Federal vertical net new ARR was immaterial, in line with seasonal patterns.
Shares are up 43% year-to-date. The stock trades near its 52-week high of $677.50.
