CrowdStrike Holdings (CRWD) PT Raised to $190 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $190.00 (from $170.00) while maintaining a Buy rating.

The analyst commented, "CRWD reported another strong quarter, led by ARR growth of 81% Y/Y that significantly beat our 72% target and the Street's 70% estimate. As well, revenue and EPS showed healthy upside, and CRWD again added record net new logos this quarter. The co. also raised its FY21 full-year guidance, although we continue to find mgmt's targets conservative. Despite carrying a premium valuation and extremely strong 187% YTD performance (vs. the NASDAQ at 36%), we believe the shares have more runway, and CRWD remains one of our top picks. We're again raising our estimates, as well as our PT to $190 vs. $170."

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