CrowdStrike Holdings (NASDAQ: CRWD) Price Target Adjusted to $325 by Rosenblatt Securities - Buy Rating Maintained
Rosenblatt Securities has updated the price target for CrowdStrike Holdings to $325 from $330, while maintaining a Buy rating on the stock. This adjustment comes after the company revised its fiscal year 2025 (FY25) guidance due to factors affecting customer retention and changes in the go-to-market strategy.
The company has introduced new discounting strategies and payment terms, impacting the guidance adjustments. An IT incident caused deal closures to be delayed, but most deals are expected to close in subsequent quarters. Management anticipates challenges to persist for a year, with a forecast for re-acceleration in revenue in the second half of fiscal year 2026.
Rosenblatt has updated their outlook for CrowdStrike's ARR and revenue for Q3 FY24 and FY25 based on the revised projections. Other analysts have also adjusted their price targets following the recent quarterly earnings report.
Despite challenges, CrowdStrike reported strong revenue growth and record non-GAAP operating income. The company has introduced customer commitment packages to mitigate the impact of recent developments.
InvestingPro Insights:
- CrowdStrike has a significant market capitalization of $65.67 billion USD
- Revenue growth remains strong at 34.26% over the last twelve months
- High P/E ratio reflects optimism about future growth
- Strategic financial management with more cash than debt
For a deeper analysis and additional tips, interested readers can explore CrowdStrike's profile on InvestingPro for valuable insights on future profitability and stock performance.
This article provides an overview of CrowdStrike's recent developments and financial outlook, highlighting potential impacts on investors and the company's growth prospects.