Wedbush analyst Taz Koujalgi raised the firm’s price target on Crowdstrike to $145 from $135 and keeps an Outperform rating on the shares. The firm notes the company reported a good quarter against modest expectations after the company reset the growth expectations last quarter due to macro challenges. However, Crowdstrike said that macro conditions continue to be challenging, and maintained its prior guide of net new ARR growth for 2024, albeit off a higher base.
Published first on TheFly
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