Oppenheimer raised the firm’s price target on Crowdstrike to $300 from $240 and keeps an Outperform rating on the shares. The firm named CrowdStrike as a top pick for 2024, and believes CrowdStrike can take advantage of several tailwinds to deliver upside in FY25, including secular tailwinds supporting strong cybersecurity spending, an attractive cross-sell opportunity with Falcon Data Protection, and multiple expansion levers across existing emerging products and new products coming in early 2024 that can drive ARR/NRR expansion, the analyst tells investors in a research note.
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