CrowdStrike price target lowered to $450 from $460 at BMO Capital

BMO Capital lowered the firm’s price target on CrowdStrike (CRWD) to $450 from $460 and keeps an Outperform rating on the shares after its Q2 results. The firm had expressed caution going into earnings and still has remaining questions around how net new annual recurring revenue, ARR, translates into FY27 revenues as well as the magnitude of upside/downside tension to its FY27 estimates, the analyst tells investors in a research note.