Barclays analyst Saket Kalia raised the firm’s price target on Crowdstrike to $200 from $186 and keeps an Overweight rating on the shares following the investor day. The company’s long-term targets call for more margin expansion than expected while Cloud and Identity all add to $100B in total addressable market and the platform story, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CRWD:
- Crowdstrike up 4% afterhours at $170.00 after raising target model projections
- Crowdstrike announces new target model to be achieved within 3-5 years
- Crowdstrike’s Bionic acquisition can boost product development, says Macquarie
- Crowdstrike confirms deal to acquire Bionic
- CrowdStrike’s (NASDAQ:CRWD) New Platform Isn’t Enough to Prevent a Dip