Raymond James analyst Adam Tindle raised the firm’s price target on CrowdStrike (CRWD) to $485 from $390 and keeps an Outperform rating on the shares. CrowdStrike’s Q1 results were generally in-line with disclosures into the quarter, and forward guidance was better than expected on net new annual recurring revenue, the analyst tells investors in a research note. Raymond James awaits evidence of a changing narrative in the second half that could cause the firm to reevaluate the premium valuation it currently commands.
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Read More on CRWD:
- CrowdStrike, GuidePoint Security surpass $1B in sales
- CrowdStrike price target raised to $510 from $500 at RBC Capital
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- CrowdStrike price target raised to $450 from $425 at Mizuho
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