Jefferies lowered the firm’s price target on CrowdStrike (CRWD) to $425 from $450 and keeps a Buy rating on the shares. CrowdStrike reported 23% year-over-year ARR growth in Q4, which the firm calls “decent,” while noting that shares are down driven by near-term free cash flow uncertainty and worse than expected operating income guidance. The firm still has confidence in CrowdStrike’s market position driving an acceleration and models 21% year-over-year ARR growth in FY26, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWD:
- CrowdStrike Holdings: Strong Growth Potential Amid Short-Term Challenges
- Strong Buy Rating for CrowdStrike Holdings: Robust Performance and Promising Future Outlook
- CrowdStrike Holdings: Strong Growth and Platform Adoption Justify Buy Rating Amid Operational Challenges
- CrowdStrike price target lowered to $475 from $506 at Barclays
- CrowdStrike Holdings: Balancing Revenue Growth and Customer Retention Challenges with a Positive Long-Term Outlook