Goldman Sachs analyst Gabriela Borges lowered the firm’s price target on CrowdStrike (CRWD) to $389 from $415 but keeps a Buy rating on the shares. The company’s net new annual recurring revenue was “solid” but the stock fell on weaker margin, the analyst tells investors in a research note. The firm adds however that CrowdStrike indicated that the move to Flex has uplevelled its sales reps to focus on more comprehensive, strategic selling, and in turn, customers are tracking ahead of their planned credit consumption plans.
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