CrowdStrike Holdings (CRWD) PT Raised to $335 at Jefferies Into Eearnings
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Rating Summary:
48 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
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Jefferies analyst Brent Thill raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $335.00 (from $255.00) while maintaining a Buy rating as they expect another beat when the company reports earnings on 8/31.
The analyst commented, "Fundamentals & a robust environment should drive both prints. CRWD should exceed F2Q cons ARR growth of 65% (Jeff 67%), & we believe 70% is the true bogey. We estimate 7%+ of sub rev upside vs FY22 cons. & potentially meaningful FY22 margin expansion. S should exceed cons in its 1st Q as a pub company & potentially re-accelerate ARR growth above cons. 114% yoy. While both warrant premium valuation, we view CRWD as more attractive given it’s 41% discount to S."
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