Needham raised the firm’s price target on Crowdstrike to $350 from $325 and keeps a Buy rating on the shares ahead of its Q4 results. The company stands to deliver another strong quarter, even as its management keeps initial FY25 guidance conservative and depicts macro conditions as constrained, the analyst tells investors in a research note. The firm adds that its checks indicated accelerating growth in the second half of the year for some Crowdstrike resellers with robust pipelines across adjacent products in Cloud, Identity and LogScale.
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