Wells Fargo raised the firm’s price target on CrowdStrike (CRWD) to $430 from $400 and keeps an Overweight rating on the shares. Shares traded down about 9% after hours despite strong Q4 results, as investors likely expected a quicker return to growth, the firm says. Management reiterated prior guidance calling for a return to growth in the second half of 2026 and the long-term targets for ARR, operating margin and free cash flow remain unchanged, Wells adds.
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