Evercore ISI Reiterates In Line Rating on CrowdStrike Holdings (CRWD)

Evercore ISI analyst Peter Levine reiterated an In Line rating and $430.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst commented: "Ahead of CRWD’s F3Q report on Tuesday (12/2), we wanted to share our thoughts along with key takeaways from our recent partner survey. This quarter’s survey showed a modest shift toward a more positive partner tone vs. last quarter, including slight improvements in pipeline momentum and growth expectations, aligning with our recent channel checks. After several soft quarters, Flex adoption is starting to show early momentum, likely supported by CRWD’s continued GTM efforts and its heightened focus on training and incentivizing reps to sell Flex, as discussed in our WWT call. Even so, partners continue to highlight pockets of customer hesitation. Utilization trends remain mixed overall, though broadly in line with expectations. Regarding CCP renewals, which our data indicates should be ramping now, partners remain split on whether customers will accept full list pricing for previously credited products. Consolidation continues to be a major growth driver, with Charlotte AI and identity seeing steady traction. This quarter, we also heard increasing interest in CRWD’s next-gen SIEM, driven by the appeal of its single-agent architecture. "

For an analyst ratings summary and ratings history on CrowdStrike Holdings click here. For more ratings news on CrowdStrike Holdings click here.

Shares of CrowdStrike Holdings closed at $501.54 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• Greenway Technologies board member Raymond Wright resigns
• CrowdStrike Holdings Inc. (CRWD) Tops Q1 EPS by 3c, Offers Guidance