Susquehanna raised the firm’s price target on CrowdStrike (CRWD) to $425 from $400 and keeps a Positive rating on the shares. The firm said they ended the year on a strong note and while the top-line outlook for the upcoming FY was generally fine, profitability was lower due to ramping investments and a higher tax rate.
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Read More on CRWD:
- CrowdStrike price target lowered to $425 from $450 at UBS
- Buy Rating Affirmed for CrowdStrike Holdings Amid Strong Market Position and Growth Potential
- CrowdStrike price target lowered to $405 from $440 at Baird
- CrowdStrike’s Strong Growth and Strategic Positioning Justify Buy Rating
- CrowdStrike price target lowered to $435 from $475 at Stifel