Jefferies analyst Joseph Gallo raised the firm’s price target on Crowdstrike to $170 from $155 and keeps a Hold rating on the shares after having attended Fal.Con and the company’s associated investor briefing. Product announcements demonstrate Crowdstrike’s “hyper focus” to move into other areas of IT as well as cloud app posture management and its new AI offering, while the company raised its long-term margin profile and said it sees a path to $10B ARR in five to seven years, says the analyst, who adds that the valuation “remains premium.”
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