BMO Capital raised the firm’s price target on Crowdstrike to $227 from $167 and keeps an Outperform rating on the shares. The analyst cites the firm’s greater confidence in the company’s ability to meet or exceed previous guidance. Crowdstrike should be able to deliver upside to October quarter net new ARR, which will ease the glide path for the implied required ramp of January quarter net new ARR, BMO added.
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