Macquarie raised the firm’s price target on Crowdstrike to $185 from $180 and keeps an Outperform rating on the shares. Crowdstrike released a slew of updates at Fal.Con where it took a stage with high-profile, identity-driven Las Vegas data breaches as a backdrop, painting a strong picture of its levers for durable, profitable growth, the analyst tells investors in a research note. New financial targets call for 28%-32% non-GAAP operating margin and 34%-38% free cash flow margin in 3-5 years, as well as $10B in ARR in 5-7 years, the firm says.
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