Analyst Shaul Eyal from TD Cowen maintained a Buy rating on CrowdStrike Holdings (CRWD – Research Report) and keeping the price target at $450.00.
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Shaul Eyal has given his Buy rating due to a combination of factors that highlight CrowdStrike Holdings’ strategic positioning and operational efficiency. The company has announced a 5% reduction in staffing, which is part of a strategic plan to improve efficiencies while continuing to hire in key strategic areas. This move is expected to enhance the company’s operational effectiveness and align its resources with growth opportunities.
Furthermore, CrowdStrike has reaffirmed its FY26 guidance, indicating confidence in its financial outlook. The company’s ability to scale its business efficiently and its leadership position in the security platform market are reinforced by industry discussions. These factors, along with the company’s long-term target of achieving a $10 billion annual recurring revenue by FY31, underpin Eyal’s positive outlook and Buy rating for CrowdStrike Holdings.
In another report released on May 5, Citizens JMP also maintained a Buy rating on the stock with a $500.00 price target.
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