Frequently acquired shares by fund managers in recent times.
In the second quarter, analysts at Goldman Sachs delved into data from U.S. fund positions to identify the stocks that fund managers were buying most frequently. One of the top picks was CrowdStrike Holdings Inc., a company with a ticker symbol of WKN: A2PK2R.
Despite a global IT outage, fund managers continued to net buy CrowdStrike, indicating a strong confidence in the company. This buying trend is further supported by the 'buy the dip' mentality, a sentiment that suggests optimism towards CrowdStrike Holdings Inc.
Analysts maintain a positive outlook on CrowdStrike, with an average upside potential of 26.5%. This optimism is rooted in CrowdStrike's impressive annual revenue growth of over 50% in recent years, and analysts predict further growth of more than 20% per year with increasing operational margins.
The stock of CrowdStrike is worth a closer look, according to the analysts. TIKR, a financial market data platform, even sets a Kursziel-Erwartungsgrenze (price target) of approximately 108.34 USD, representing an upside of 16.5%.
Interestingly, CrowdStrike Holdings Inc. is not alone in the top 20 list of the strongest net purchases by funds. Companies like Exxon Mobil Corp., Apple Inc., Johnson & Johnson, and AT&T Inc. also made the list. However, CrowdStrike stands out as one of the few technology companies in the list, further emphasizing the confidence fund managers have in the company.
In conclusion, the buying trend of CrowdStrike Holdings Inc. by fund managers, despite the global IT outage, coupled with the positive outlook from analysts, suggests a promising future for the company. A closer look at the stock of CrowdStrike may indeed be worthwhile for investors seeking growth opportunities.
