Crowdstrike price target lowered to $365 from $370 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Crowdstrike (CRWD) to $365 from $370 and keeps an Outperform rating on the shares. Crowdstrike’s Q3 results were generally better than anticipated, and management has executed well following the July 19 outage, which created near-term challenges around visibility, the analyst tells investors in a research note. The guidance is prudently conservative, but commentary around a second half 2026 net-new annual recurring revenue re-acceleration shows confidence in the short duration of expected headwinds, RBC argues.