Mizuho analyst Gregg Moskowitz raised the firm’s price target on CrowdStrike (CRWD) to $450 from $425 and keeps a Neutral rating on the shares. The company reported a solid Q1, but its revenue was only in line and the annual recurring revenue beat was more modest than usual, the analyst tells investors in a research note. More encouragingly, the firm says CrowdStrike continues to see very strong traction for Falcon Flex. Mizuho views the stock’s risk/reward as natural at current valuation levels.
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