BMO Capital keeps an Outperform rating and $167 price target on Crowdstrike after the company forecasted “significant margin expansion” with new margin targets in its Investor Day presentation. Crowdstrike has solid growth potential in endpoint and emerging markets to sustain 20% ARR growth over the next 5-7 years, and the forecasts should help mitigate investor concerns on legacy endpoint pricing, the analyst tells investors in a research note, adding that the stock remains BMO’s top pick in Security.
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