CrowdStrike price target lowered to $500 from $564 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on CrowdStrike (CRWD) to $500 from $564 and keeps a Buy rating on the shares after its Q4 results. On the competitive moat, CrowdStrike highlighted the meaningful differences in its ability to collect and process data using strong forms of AI, in contrast to LLMs and generative AI, the analyst tells investors in a research note. CrowdStrike’s strong Flex and Re-Flex momentum has potential to be a multi-year tailwind, and is helping sustain relatively smooth net new ARR – annual recurring revenue – trends into FY27, the firm added.