CrowdStrike

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price to $406 from $360 on a P/S of 24.5x, above its three-year historical average on its competitive strength and annual recurring revenue (ARR) growth momentum even in a weaker economic climate, using our FY 25 (Jan.) revenue estimate of $3.97B. We lift our FY 25 EPS view to $3.95 from $3.68 and set FY 26’s at $4.94. CRWD reported Q4 revenue of $845.3M, above consensus by $5.34M, while non-GAAP EPS of $0.95 beat by $0.13. The company ended the year strong, adding $287M in net new ARR, up 27% Y/Y, driving Subscription sales and total revenue growth of 33%. We note impressive deal volumes, aided by multi-product new business lands, and displacements of next-generation vendors in significant transactions across a number of […]

The following is a summary of the CrowdStrike Holdings, Inc. (CRWD) Q4 2024 Earnings Call Transcript: Financial Performance: CrowdStrike reported a Q4 net new ARR of $282 million, a 27% year-over-year growth. Record GAAP profitability was achieved, with a record free cash flow reaching 33% of revenue. CrowdStrike reported a 34% and 36% growth in ending ARR and revenue respectively for the fiscal year. Operating income for the fiscal year grew by 86%, reaching $660.3 million or 22% of revenue. Gross margin increased by 282 basis points year-over-year to 78%, with total non-GAAP operating expenses at 53% of revenue. Q4 revenue grew to $845.3 million, a 33% increase. Business Progress: CrowdStrike has shown significant growth in its Falcon platform, closing record deal volumes and introducing flexible licensing models for customers. The company plans to continue expansion and development of its cybersecurity solutions, with successful launches and general availability of new

CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 03/05/2024 12.97% Wedbush $278 → $350 Maintains Outperform 03/04/2024 12.97% Needham $325 → $350 Maintains Buy 03/04/2024 22.65% Wells Fargo $315 → $380 Maintains Overweight 02/29/2024 12.97% JP Morgan $300 → $350 Maintains Overweight 02/28/2024 9.74% Barclays $300 → $340 Maintains Overweight 02/21/2024 15.55% Guggenheim $274 → $358 Maintains Buy 02/21/2024 19.43% Goldman Sachs $222 → $370 Maintains Buy 02/20/2024 12.97% Truist Securities $290 → $350 Maintains Buy 02/20/2024 21.04% Rosenblatt $315 → $375 Maintains Buy 02/14/2024 21.04% Keybanc $318 → $375 Maintains Overweight 02/13/2024 16.2% Cantor Fitzgerald → $360 Reiterates Overweight → Overweight 02/12/2024 16.2% Cantor Fitzgerald $240 → $360 Maintains Overweight 02/02/2024 -22.53% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 6.52% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 6.52% Raymond James → $330

JP Morgan analyst Brian Essex maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Overweight and raises the price target from $300 to $350.

CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 26.54% Goldman Sachs $222 → $370 Maintains Buy 02/20/2024 19.7% Truist Securities $290 → $350 Maintains Buy 02/20/2024 28.25% Rosenblatt $315 → $375 Maintains Buy 02/14/2024 28.25% Keybanc $318 → $375 Maintains Overweight 02/13/2024 23.12% Cantor Fitzgerald → $360 Reiterates Overweight → Overweight 02/12/2024 23.12% Cantor Fitzgerald $240 → $360 Maintains Overweight 02/02/2024 -17.92% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 12.86% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 12.86% Raymond James → $330 Initiates Coverage On → Outperform 01/29/2024 12.86% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 8.75% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -0.82% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -17.92% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight

CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 16.08% Keybanc $318 → $375 Maintains Overweight 02/13/2024 11.44% Cantor Fitzgerald → $360 Reiterates Overweight → Overweight 02/12/2024 11.44% Cantor Fitzgerald $240 → $360 Maintains Overweight 02/02/2024 -25.71% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 2.15% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 2.15% Raymond James → $330 Initiates Coverage On → Outperform 01/29/2024 2.15% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 -1.56% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -10.23% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -25.71% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 -0.94% Citigroup $275 → $320 Maintains Buy 01/09/2024 -5.89% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 -7.13% Oppenheimer $240 → $300 Maintains

Keybanc analyst Eric Heath maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Overweight and raises the price target from $318 to $375.

CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 -19.86% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 10.19% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 10.19% Raymond James → $330 Initiates Coverage On → Outperform 01/29/2024 10.19% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 6.19% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -3.16% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -19.86% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 6.86% Citigroup $275 → $320 Maintains Buy 01/09/2024 1.51% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 0.18% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 5.19% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 8.53% Needham $250 → $325 Maintains Buy 12/15/2023 -9.84% BMO Capital $238 → $270 Maintains Outperform 12/15/2023

CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/31/2024 11.2% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 11.2% Raymond James → $330 Initiates Coverage On → Outperform 01/29/2024 11.2% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 7.15% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -2.28% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -19.13% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 7.83% Citigroup $275 → $320 Maintains Buy 01/09/2024 2.44% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 1.09% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 6.14% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 9.51% Needham $250 → $325 Maintains Buy 12/15/2023 -9.02% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -7.34% Mizuho $225 → $275 Maintains Buy 12/11/2023 -9.36% JP

Raymond James analyst Adam Tindle initiates coverage on CrowdStrike Holdings (NASDAQ:CRWD) with a Outperform rating and announces Price Target of $330.

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 11.04% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 7.01% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -2.42% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -19.24% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 7.68% Citigroup $275 → $320 Maintains Buy 01/09/2024 2.29% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 0.95% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 6% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 9.36% Needham $250 → $325 Maintains Buy 12/15/2023 -9.15% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -7.46% Mizuho $225 → $275 Maintains Buy 12/11/2023 -9.48% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -25.3% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -22.61% Truist Securities → $230 Reiterates Buy →

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 13.71% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 3.7% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -14.18% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 14.43% Citigroup $275 → $320 Maintains Buy 01/09/2024 8.71% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 7.28% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 12.64% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 16.22% Needham $250 → $325 Maintains Buy 12/15/2023 -3.45% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -1.66% Mizuho $225 → $275 Maintains Buy 12/11/2023 -3.81% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -20.62% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -17.75% Truist Securities → $230 Reiterates Buy → Buy 11/29/2023 -19.54% Mizuho $205 → $225 Maintains Buy 11/29/2023