Evercore ISI raised the firm’s price target on CrowdStrike (CRWD) to $460 from $430 and keeps an In Line rating on the shares. Fiscal Q3 results were “solid,” but the upside was “somewhat muted,” the analyst tells investors in a post-earnings note. While CrowdStrike’s current valuation “seems to reflect a bullish scenario,” the company’s strong fundamentals and strategic positioning in the cybersecurity arena provide a solid foundation for future growth, the analyst added.
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Read More on CRWD:
- CrowdStrike price target raised to $515 from $500 at Canaccord
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