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CrowdStrike price target lowered to $550 from $610 at Barclays

Barclays lowered the firm’s price target on CrowdStrike (CRWD) to $550 from $610 and keeps an Overweight rating on the shares ahead of the earnings report on March 3. The firm model net new annual recurring revenue of $300M, but sees an upside scenario of $330M.

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