William Blair analyst Jonathan Ho has maintained their bullish stance on CRWD stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight CrowdStrike’s strong performance and future potential. The company reported impressive quarterly results, with a record increase in net new annual recurring revenue (ARR) and robust free cash flow, driven by effective execution and growing demand for its Falcon platform. Despite a slight dip in third-quarter revenue guidance, the expectation of significant ARR growth in the latter half of the year suggests continued momentum.
Additionally, CrowdStrike’s strategic initiatives, such as the acquisition of Onum and new AI-driven product launches, position the company well to meet evolving market needs. The expansion of the Falcon Flex customer base, with substantial contributions to ARR, further underscores the company’s growth prospects. These factors, combined with strong retention rates and the company’s raised fiscal outlook, support the Buy rating given by Jonathan Ho.
According to TipRanks, Ho is a 4-star analyst with an average return of 8.8% and a 53.08% success rate. Ho covers the Technology sector, focusing on stocks such as Fastly, Akamai, and Palo Alto Networks.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $495.00 price target.