Morgan Stanley raised the firm’s price target on Crowdstrike to $150 from $135 and keeps an Overweight rating on the shares. CrowdStrike "quickly went from a consensus favorite to a key battleground stock entering 2023," but the firm thinks the market is now "overly bearish" on its growth prospects. Given an expanding addressable market, a large enterprise installed base and what it sees as an "ability to lead in AI-driven threat detection," Morgan Stanley sees a long runway of durable 25-30% ARR growth for CrowdStrike.
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