Crowdstrike jumps after Barclays boosts target $100 ahead of results - InvestingChannel

Crowdstrike jumps after Barclays boosts target $100 ahead of results

Barclays analyst Saket Kalia earlier today raised the firm’s price target on Crowdstrike Holdings to $100 from $60 and keeps an Overweight rating on the shares ahead of tomorrow’s results. Crowdstrike in midday trading is up 7% to $93.93. The analyst estimates $52M in net new annual recurring revenue for Q1, but notes that bulls could be expecting at least $75M and that his $250M estimate in net new ARR for fiscal 2021 could be beatable. Data points, including a survey of chief investment officers, show increasing interest in Crowdstrike and falling interest in Symantec, Kalia told investors in a research note. DA Davidson analyst Andrew Nowinski this morning raised the firm’s price target on Crowdstrike to $105 from $60 and kept a Buy rating on the shares.

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