Wedbush raised the firm’s price target on Crowdstrike to $200 from $170 and keeps an Outperform rating on the shares after attending the company’s Analyst Day on Wednesday, held in conjunction with their Fal.Con conference. The highlight of the event was the company providing an updated target operating model expected to be achieved in the next 3 – 5 years, with free cash flow margins ahead of Street expectations. The firm notes Crowdstrike expects operating margins to reach 28%-32% and free cash flow margins to reach 34%-38% over the next 3-5 years.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on CRWD:
- Crowdstrike price target raised to $210 from $180 at Piper Sandler
- Crowdstrike price target raised to $195 from $180 at Mizuho
- Crowdstrike price target raised to $200 from $186 at Barclays
- Crowdstrike up 4% afterhours at $170.00 after raising target model projections
- Crowdstrike announces new target model to be achieved within 3-5 years