Wells Fargo raised the firm’s price target on Crowdstrike (CRWD) to $400 from $350 and keeps an Overweight rating on the shares. The firm notes shares traded down after hours as management lowered FY26 expectations. The company now expects net new ARR to reaccelerate in the second half of 2026, which is farther out than most expected. Nonetheless, Wells believes Crowdstrike still has the best solution in the market.
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Read More on CRWD:
- Crowdstrike price target raised to $400 from $365 at BofA
- Crowdstrike downgraded to Hold from Buy at HSBC
- Crowdstrike Holdings Earnings Report: Did it Beat Expectations?
- CrowdStrike’s Strong Growth and Strategic Expansions
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
