Oppenheimer analyst Ittai Kidron maintains $CrowdStrike (CRWD.US)$ with a buy rating, and maintains the target price at $410.
According to TipRanks data, the analyst has a success rate of 58.5% and a total average return of 16.4% 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, it was noted that the company achieved a significant milestone with a $1B revenue quarter, maintaining healthy operating leverage even while absorbing outage-related costs. The analyst indicated that the business's near-term momentum had been impacted by a July outage, an event which is expected to influence the fourth quarter renewals cautiously, potentially leading to a consolidation in the stock's price.
Despite the significant impact of the post-outage period, there's an optimistic view as the firm exhibits robust customer retention alongside continued momentum for upsell and cross-sell opportunities. The current customer retention programs are exerting some pressure on nnARR and free cash flow. However, expectations are set for this pressure to ease in the latter half of FY26, paving the way for accelerated growth.
Crowdstrike surpassed all anticipated metrics in its third quarter performance. The company's consistent Gross Retention supports management's strategic directions, and overall execution in transforming challenges into opportunities. Management's cautious stance on navigating with reduced visibility is deemed appropriate by the analyst.
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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