Barclays raised the firm’s price target on CrowdStrike (CRWD) to $515 from $500 and keeps an Overweight rating on the shares following the investor day. The “most investable” takeaway was that the company’s fiscal 2027 net new annual recurring revenue should continue to accelerate with 20% year-over-year, the analyst tells investors in a research note.
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Read More on CRWD:
- CrowdStrike Holdings: Strong Growth Potential and Ambitious ARR Targets Drive Buy Rating
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- Hold Rating on CrowdStrike: Evaluating the Impact of Pangea Acquisition on AI Security Expansion
- CrowdStrike to acquire AI security firm Pangea, terms not disclosed
- CrowdStrike management to meet with Mizuho
