Bernstein lowered the firm’s price target on CrowdStrike (CRWD) to $347 from $365 and keeps an Outperform rating on the shares. CrowdStrike’s Q4 earnings delivered a revenue beat of 2.6% vs. guidance, a good showing relative to the levels seen over the last few years, the firm says. Yet even with all those strong results, the stock was down nearly 10% in the aftermarket, Piper adds, pointing out that NRR fell further, reaching 112% and guidance implies further deceleration.
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