Stifel analyst Brad Reback raised the firm’s price target on Crowdstrike to $125 from $110 and keeps a Hold rating on the shares. The company posted "a solid quarter," but the top-line beat was below recent trends and CrowdStrike did not benefit from the typical Q4 budget flush, as management previously predicted, the analyst tells investors. While the company performed better-than-feared, Stifel believes that FY24 "remains a transition year," the analyst added.
Published first on TheFly
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