Crowdstrike removed from ‘Tactical Underperform List’ at Evercore ISI

Evercore ISI analyst Peter Levine removed Crowdstrike from the firm’s “Tactical Underperform List” while keeping an Outperform rating on the shares with a $325 price target. The next few quarters “will likely be unpredictable and may underperform expectations,” but long-term investors “should be opportunistic,” the analyst tells investors in a research note. Following Crowdstrike’s user conference and analyst briefing, Evercore believes the company has the right long-term strategy to overcome the outage. However, Crowdstrike’s near-term visibility is “impaired,” the firm adds.