Canaccord attended the Crowdstrike analyst meeting and come away incrementally more confident in the company’s ability sustain its strong momentum over the near to medium term as a security and IT stack consolidator. Canaccord believes CrowdStrike remains in a class of its own and deserves a premium multiple given its impressive growth and profitability metrics. Canaccord maintains its Buy rating and $175 price target on Crowdstrike shares.
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