Rosenblatt raised the firm’s price target on Crowdstrike to $190 from $175 and keeps a Buy rating on the shares on revised estimates after the company reported “upside to expectations across all metrics” in Q2. Crowdstrike continues to execute as customers are increasingly adopting the broader platform and strong results from new modules as well as solid retention metrics leave the firm confident that Crowdstrike “will continue to win despite macro uncertainty,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CRWD:
- CrowdStrike (NASDAQ:CRWD) Blasts Up amid Earnings and Analyst Commentary
- Morgan Stanley ‘still skeptical’ of Crowdstrike’s second half ARR guidance
- Crowdstrike price target raised to $153 from $128 at Stifel
- Crowdstrike price target raised to $170 from $165 at JPMorgan
- Crowdstrike Holdings Reported Earnings. Did it Beat Estimates?