CrowdStrike Holdings (CRWD) PT Raised to $340 at Needham & Company

Needham & Company analyst Alex Henderson raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $340.00 (from $335.00) while maintaining a Buy rating.

The analyst commented, "Despite a slight decline in the aftermarket, we think the Crowd numbers were superb and exceeded our expectations across the board in both the print and guide. The strong print was supported by substantial positive qualitative commentary. We are increasing our Revenue, EPS and ARR estimates, and accordingly we are increasing our Price Target to $340 from $335 despite increasing it earlier in the week. We believe Crowd's platform design gives it a substantial AI, Automation, Efficacy, and scalability advantage versus competitors. We think this advantage should allow the company to continue to add modules to its platform and provide increasing value to its customers. We look for the robust growth, new customer wins, upsell stats and other performance metrics to drive the shares higher and support continued outperformance."

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