Citi analyst Fatima Boolani maintains $CrowdStrike (CRWD.US)$ with a buy rating, and adjusts the target price from $300 to $400.
According to TipRanks data, the analyst has a success rate of 67.0% and a total average return of 19.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CrowdStrike (CRWD.US)$'s main analysts recently are as follows:
Following Crowdstrike's fiscal Q3 report, the company achieved an 'impressive' milestone of $1B in revenue for the quarter, exhibiting 'healthy' operating leverage despite costs from outages. It is indicated that Crowdstrike's near-term business momentum has faced challenges due to the July outage. Such disruptions are projected to extend into Q4 renewals, possibly influencing the stock to consolidate at a lower position.
In the latter half of the year, while acknowledging the significant effects of previous outages, it's also observed that the company maintains robust customer retention. Additionally, there is ongoing momentum in upselling and cross-selling. Although current customer retention initiatives are temporarily impacting net annual recurring revenue and free cash flow, expectations are set for these pressures to ease in the latter half of FY26, subsequently leading to an acceleration in growth.
Crowdstrike demonstrated exemplary performance, surpassing all guided metrics in Q3. This performance is seen as a validation of management's strategic approach, maintaining strong Gross Retention, and the company's ability to turn a crisis into a strategic opportunity. Analysts also perceive management's acknowledgment of navigating with reduced visibility as appropriate.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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