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CrowdStrike price target raised to $650 from $550 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on CrowdStrike (CRWD) to $650 from $550 and keeps an Overweight rating on the shares ahead of the earnings report on June 3. The firm models net new annual recurring revenue of $250M, but sees an upside scenario of $265M-$270M.

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