Aug. 18 at 11:58 AM
$CRWD CrowdStrike price target raised to
$250 from
$230 at Benchmark
Benchmark raised the firm's price target on CrowdStrike to
$250 from
$230 and keeps a Buy rating on the shares. CrowdStrike is expected to beat Q2 consensus across annual recurring revenue, revenue, operating income, and free cash flow, with AI Security, AIDR, Project QuiltWorks, Cloud Security, Next-Gen SIEM, and Identity Protection providing potential growth accelerators, although elevated expectations after the stock's 82.5% year-to-date gain raise the bar for execution, the analyst tells investors in a research note.