Scotiabank lowered the firm’s price target on Crowdstrike to $393 from $400 and keeps an Outperform rating on the shares. Scotiabank notes the company delivered Q1 results in which new ARR growth and Q2 guidance were above Street consensus. While other large cybersecurity firms are struggling, the company continues to execute well, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWD:
- Crowdstrike Holdings Reported Earnings. Did it Beat Estimates?
- CRWD Earnings: CrowdStrike Rallies after Strong Q1 Results
- CrowdStrike (NASDAQ:CRWD) Pre-Earnings: Here’s What to Expect
- Options Volatility and Implied Earnings Moves This Week, June 03 – June 06, 2024
- 3 Best Stocks to Buy Now, 6/3/2024, According to Top Analysts