Needham raised the firm’s price target on Crowdstrike (CRWD) to $420 from $360 and keeps a Buy rating on the shares. Crowdstrike outperformed all guided metrics in Q3, and Needham sees the relatively unchanged Gross Retention as supporting management’s strategy, in addition to the broader company’s execution in turning a crisis into an opportunity, the analyst tells investors in a research note. At the same time, the firm thinks management is appropriate in its tone that the company is navigating with reduced visibility.
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Read More on CRWD:
- Crowdstrike price target raised to $380 from $315 at BMO Capital
- Crowdstrike price target raised to $410 from $365 at Oppenheimer
- Crowdstrike price target raised to $400 from $300 at Citi
- Crowdstrike price target raised to $390 from $375 at Baird
- Crowdstrike price target raised to $400 from $310 at Susquehanna
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
