Raymond James raised the firm’s price target on CrowdStrike (CRWD) to $390 from $360 and keeps an Outperform rating on the shares. CrowdStrike’s net new annual recurring revenue fell modestly below estimates in Q4, while Q1 NNARR expectations were above the firm’s expectations and should reaccelerate growth in the second half, the analyst tells investors in a research note. The firm says it is willing to stay with a positive bias due to historical evidence on module adoption, but acknowledges that the path forward is more complicated at an elite valuation.
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Read More on CRWD:
- CrowdStrike price target raised to $425 from $400 at Susquehanna
- CrowdStrike price target lowered to $425 from $450 at UBS
- Buy Rating Affirmed for CrowdStrike Holdings Amid Strong Market Position and Growth Potential
- CrowdStrike price target lowered to $405 from $440 at Baird
- CrowdStrike’s Strong Growth and Strategic Positioning Justify Buy Rating
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