Barclays analyst Saket Kalia raised the firm’s price target on Crowdstrike to $400 from $340 and keeps an Overweight rating on the shares. The firm says the most important number it heard in Crowdstrike’s Q4 earnings was that $850M in annual recurring revenue comes from non-endpoint, or about 25% of total. It models $900M in net new ARR in fiscal 2025-2026 as a baseline, but thinks an upside scenario could be $1B.
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