Crowdstrike price target raised to $250 from $245 at Jefferies

Jefferies raised the firm’s price target on Crowdstrike to $250 from $245 and keeps a Buy rating on the shares following the fiscal Q3 report. The company showed continued execution against a tough macro backdrop, the analyst tells investors in a research note. The firm says Crowdstrike maintained its framework for flat to up modestly net new annual recurring revenue growth in fiscal 2024 given it doesn’t expect budget flush, which is “prudent and achievable.”