Canaccord lowered the firm’s price target on CrowdStrike (CRWD) to $430 from $475 and keeps a Hold rating on the shares. The firm said CrowdStrike reported solid FQ2’26 results with better-than-expected net-new ARR ticking up to $221M from $194M last quarter, while total ARR and subscription revenues continued to decline in growth on a year-over-year basis. Canaccord applauds CrowdStrike’s success but think further upside could be increasingly difficult to achieve with 2H net-new ARR already contemplating a material ramp as well as a topline acceleration in CY26.
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