Crowdstrike price target raised to $358 from $274 at Guggenheim

Guggenheim raised the firm’s price target on Crowdstrike to $358 from $274 and keeps a Buy rating on the shares based on an assumption that CrowdStrike will grow faster for longer and attain greater scale and cash flow in the out years of its model. The firm believes CrowdStrike should be able to beat Q4 revenue and annual recurring revenue, or ARR, estimates when they report after market close on March 5, but sees limited upside potential to ARR, the analyst tells investors in an earnings preview.