CrowdStrike Holdings (CRWD) PT Lowered to $460 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $460.00 (from $495.00) while maintaining an Outperform rating.

The analyst commented: "Results were strong, the revenue guide was in line as a tax methodology change hurt EPS guidance. There were a lot of bullish comments from the call, but TCV of $6B in FY/25 growing +40% y/y really stood out. This is a new disclosure and is essentially the total business booked during the year, which should set them up well for FY/26+ as management expects NNARR to accelerate in the 2H/26. We think both estimates and the stock have an upward bias. That said, lower our PT to $450 from $495 on peer-multiple compression."

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