TD Cowen analyst Shaul Eyal attended the Crowdstrike investor event and took away that healthy cybersecurity demand and solid execution are driving its strong financial performance. He noted the company sees its TAM expanding to $225B by CY28 from $100B for CY24, growth opportunities include Cloud, Identity, SIEM, and IT Workflows, and vendor consolidation is driving consolidation around Crowdstike. TD Cowen maintains its Outperform rating and $180 price target on Crowdstrike shares.
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