CrowdStrike (CRWD) PT Raised to $280 at TD Cowen

TD Cowen analyst Shaul Eyal raised the price target on CrowdStrike (NASDAQ: CRWD) to $280.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "Takeaways from our meeting with CRWD include 1) Current demand environment remains strong and lowers the bar to exceed our 2H27 NNARR growth est of 29.5% y/y; 2) Mythos moment, rapid adoption of AI traffic expand ARR and are driving consolidation onto the Falcon platform; 3) AI tools seen as carrying lower price sensitivity, helping CRWD to maintain low-to-mid 80s GMs. Reit Buy, PT up to $280."

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