Morgan Stanley analyst Hamza Fodderwala raised the firm’s price target on Crowdstrike to $175 from $167 and keeps an Equal Weight rating on the shares after management provided margin targets “well above expectations” during the Fal.Con user conference investor briefing and pointed to ambitions for $10B-plus ARR in five to seven years. While stating that the “stock could double in 6 years,” the firm sees “limited upside today after discounting back,” the analyst tells investors.
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