Baird analyst Shrenik Kothari maintains $CrowdStrike (CRWD.US)$ with a buy rating, and sets the target price at $375.
According to TipRanks data, the analyst has a success rate of 81.5% and a total average return of 27.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CrowdStrike (CRWD.US)$'s main analysts recently are as follows:
Ahead of the Q3 report on November 26, expectations for the results could be significantly better than some anticipate. The expectations were revised materially lower last quarter and guidance was established with relatively conservative and wide goalposts to set expectations for performance after the unprecedented event.
This quarter's analysis indicates a stabilizing environment for Crowdstrike, with the July outage apparently overlooked, as evidenced by recent survey results as well as discussions with partners and customers.
The firm notes that despite challenges such as the July incident and near-term headwinds, channel feedback has been positive, reflecting minimal gross churn and early successes in renewals with key strategic initiatives. This comes as they encounter easier second-half ARR/revenue comparisons.
Note:
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