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CrowdStrike price target raised to $500 from $430 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on CrowdStrike (CRWD) to $500 from $430 and keeps a Hold rating on the shares. The firm attended its Fal.Con 2025 conference and came away with a refreshed perspective on how customers are navigating the new Flex purchasing model as well as the company’s evolving presence and leadership in markets outside of Endpoint like NG-SIEM, Identity, Cloud, and AI Security including agentic frameworks. While they are encouraged by some early expansionary proof points within the Flex customer base, they view risk/reward as more balanced at these levels.

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