Canaccord raised the firm’s price target on CrowdStrike (CRWD) to $515 from $500 and keeps a Hold rating on the shares. The firm said they had one of the best quarters in company history in its FQ3’26 with betterthan-expected net-new ARR ticking up to $263M growing 73% year-over-year from $221M last quarter, with total ARR and subscription revenues re-accelerating in growth on a year-over-year basis. Operating income guidance was meaningfully raised, while full-year profitability is expected to be back-end loaded.
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Read More on CRWD:
- CrowdStrike price target raised to $600 from $530 at Susquehanna
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- CrowdStrike price target raised to $582 from $580 at JPMorgan
- CrowdStrike price target raised to $520 from $450 at Piper Sandler
- CrowdStrike price target raised to $590 from $580 at UBS