Piper Sandler analyst Rob Owens raised the firm’s price target on CrowdStrike (CRWD) to $400 from $375 and keeps an Overweight rating on the shares. Given the events of the July 19th outage, the fact that CrowdStrike’s ending ARR for FY25 is only $160M less than forecasted pre-incident and the company is slightly raising 2026 revenue at the midpoint of the range is more than a victory, the firm says. Continued strength in NNARR growth from cloud, identity and SIEM build on the platform proposition, Piper adds.
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