RBC Capital analyst Matthew Hedberg lowered the firm’s price target on CrowdStrike (CRWD) to $460 from $495 but keeps an Outperform rating on the shares. The company’s Q4 results were strong, and while the revenue guide was in line, tax methodology change hurt EPS guidance, the analyst tells investors in a research note. There were a lot of bullish comments from the call, but total contract value – TCV – of $6B in FY25 and growing 40%, which is a new disclosure, really stood out, RBC adds.
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