Truist analyst Joel Fishbein raised the firm’s price target on CrowdStrike (CRWD) to $385 from $375 and keeps a Buy rating on the shares as part of a broader research note outlining 2025 key themes in Infrastructure and Security Software. The impact of July 19th Global IT outage seem to be mostly in the rear-view mirror for CrowdStrike, while its most recent results for Q3 were “solid”, driven by strong platform adoption and traction with Falcon Flex deals, the analyst tells investors in a research note. CrowdStrike has built in enough cushion in its guidance to account for delayed outbound prospecting, which has since fully resumed and is rising to pre-incident levels of responses, the firm adds.
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