On August 27, CrowdStrike Holdings, Inc. rose 3.05% in regular trading, trading at $191.24/share, with turnover of $1.29 billion. The stock gained as investors positioned ahead of the company's second-quarter results due after today's market close.

On the news front, multiple institutions raised their price targets in the lead-up to earnings: Benchmark lifted its target to $250, Barclays raised from $169 to $235, and Jefferies increased to $230, all maintaining overweight ratings. Market consensus expects Q2 revenue of $1.44 billion, representing 25.3% year-over-year growth, with adjusted EPS of $0.29. The broader software sector provided tailwinds, having surged 24% over the prior month, with all 13 S&P 500 software companies that reported earnings beating expectations by an average of 10%.

BofA Securities noted that given a 19% post-Q1 rally, investors may need to see net new annual recurring revenue exceed consensus by more than 3% to justify current valuation levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)