CrowdStrike Holdings (CRWD) PT Raised to $315, Stifel Sees Growth Still in Early Innings

Stifel analyst Brad Reback raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $315.00 (from $300.00) after F2Q22 results exceeded consensus estimates across all major financial metrics with Subscription Revenue of $315.8 blowing away the $301.1 consensus.

The analyst reiterated a Buy rating, stating "Despite CrowdStrike's scale, we continue to believe that its growth opportunity remains in the early days, given the ample runway remaining to source ARR growth from both continued share capture within its core endpoint security market and incremental module adoption as the Falcon Platform is increasingly leveraged as a vehicle of workload security. We continue to believe that the company's competitive moat will grow increasingly defined over time, underpinning the competitive differentiation that we expect to drive 35%+ y/y ARR growth over the next several years."

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