CrowdStrike Holdings (CRWD) PT Raised to $335 at Jefferies Into Eearnings
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."