Jefferies analyst Joseph Gallo lowered the firm’s price target on CrowdStrike (CRWD) to $500 from $600 and keeps a Buy rating on the shares. Given improved field work, the firm expects a beat versus consensus in Q4 ARR growth and it views a valuation premium as remaining warranted given CrowdStrike’s insulation from “AI risk” with future-securing AI tailwinds on horizon, the analyst tells investors in a preview.
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