Truist raised the firm’s price target on Crowdstrike to $200 from $175 and keeps a Buy rating on the shares after its Investor Day presentation raising its modeled target margin projections. The company also provided additional detail on its Investor Briefing regarding its total addressable market evolution, new solutions and product features, as well as long-term operating assumptions, the analyst tells investors in a research note, adding that the firm continues to be impressed with the company’s pace of innovation. Crowdstrike appears to be set up well to benefit from continued tailwinds of digital transformation, increasing cloud adoption, and a heightened threat environment, the firm added.
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