BTIG raised the firm’s price target on Crowdstrike to $250 from $239 and keeps a Buy rating on the shares. The company reported “strong upside” with its Q3 results and maintained its ARR growth outlook for FY24 despite the volatile macro environment, the analyst tells investors in a research note. BTIG adds that it was particularly pleased to see net new ARR additions inflect back into positive territory and believes that this should be sustainable through FY25.
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