Truist raised the firm’s price target on CrowdStrike (CRWD) to $500 from $450 and keeps a Buy rating on the shares. The company reported results above the high-end of guidance for all metrics, except revenue, as it is seeing great success with customer adoption of Falcon Flex, the analyst tells investors in a research note. 39 Flex customers are already “re-flexing,” resulting in larger deals and vendor consolidation with CrowdStrike, Truist added, forecasting re-acceleration of net new annual recurring revenue in the second half of 2026.
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Read More on CRWD:
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