Jefferies analyst Joseph Gallo lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $425.00 (from $450.00) while maintaining a Buy rating.

The analyst comments "CRWD reported 23% yoy F4Q ARR growth which was modestly above cons but shares are down given NT FCF uncertainty & a worse than expected op income guide due to CCP headwinds. While risk remains on whether customers actually pay for free modules eventually, we have confidence in CRWDs market position driving a F2H26 NNARR accel. We model 21% yoy ARR growth in FY26 & continue to believe low to mid 20s remains feasible. Remain Buy, PT $425."