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CrowdStrike price target raised to $610 from $515 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on CrowdStrike (CRWD) to $610 from $515 and keeps an Overweight rating on the shares ahead of the earnings report on December 2. The firm models Q3 net new annual recurring revenue of $239M, but its “strong checks” indicate an upside scenario of $255M-$260M.

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