CrowdStrike (CRWD) Stock: $265 Price Target From DA Davidson

By Amit Chowdhry ● Dec 3, 2021
  • The shares of CrowdStrike Holdings Inc (NASDAQ: CRWD) have received a $265 price target from DA Davidson. These are the details.

The shares of CrowdStrike Holdings Inc (NASDAQ: CRWD) have received a $265 price target from DA Davidson. And DA Davidson analyst Rudy Kessinger reduced the company’s price target on Crowdstrike from $320 while maintaining a “Buy” rating on the shares. 

Kessinger said that the company had reported a solid third-quarter earnings beat as the net new ARR growth accelerated. And the company’s pipeline is the strongest it has ever been.

Plus Kessinger noted that record wins and displacements of SentinelOne in the third quarter should somewhat alleviate the recent concerns over increased competition. But the reduced price target on CrowdStrike reflects the recent market pullback and lower peer multiples. 

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