BMO Capital lowered the firm’s price target on Crowdstrike to $410 from $425 and keeps an Outperform rating on the shares. The firm is citing compression in software valuations and greater macro uncertainty in reducing its price target , though it also sees the company “standing apart” from the competition following its Q1 earnings beat that featured above-consensus annual recurring revenue, ARR, and the outlook for ARR growth in double-digit to teen range vs. consensus estimate of 5%, the analyst tells investors in a research note.
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