BTIG analyst Gray Powell lowered the firm’s price target on CrowdStrike (CRWD) to $489 from $520 but keeps a Buy rating on the shares. The company delivered solid Q2 results and fractionally bumped up its guidance for FY26 revenue but while BTIG thought that the overall headlines were good, bears are pointing to some debate points which mainly center on a thin Q2 annual recurring revenue – ARR – beat and the lack of flow through of Q2 revenue upside to the full year outlook, the analyst tells investors in a research note.
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Read More on CRWD:
- CrowdStrike price target lowered to $460 from $495 at Morgan Stanley
- CrowdStrike price target lowered to $450 from $505 at Piper Sandler
- CrowdStrike price target lowered to $430 from $475 at Canaccord
- CrowdStrike Holdings: Strong Performance and Promising Outlook Drive Buy Rating
- CrowdStrike price target lowered to $343 from $371 at Bernstein