Oppenheimer lowered the firm’s price target on CrowdStrike (CRWD) to $500 from $580 and keeps an Outperform rating on the shares. The firm expects CrowdStrike to deliver Q4 2026 revenue 100bps-200bps above consensus, supported by channel checks indicating solid partner momentum, with some tracking 300bps above plan. GTM dynamics remain healthy with pipeline building in line with expectations, and product adoption continues to broaden across SIEM, Identity, and Cloud Security.
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