Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Citizens maintained its Market Outperform rating on CrowdStrike Holdings (NASDAQ:CRWD) with a price target of $550.00. The cybersecurity giant’s stock has surged over 61% in the past year, currently trading at $527.32 near its 52-week high, though InvestingPro analysis suggests the stock is slightly overvalued at current levels.
The research firm’s decision follows feedback from a Chief Information Security Officer (CISO) at a mid-sized hospitality company who highlighted CrowdStrike’s value proposition.
According to the CISO’s testimony, CrowdStrike has streamlined training for their security team and simplified vendor management.
The customer placed CrowdStrike on "the same level of Microsoft and Oracle in terms of importance" in their technology environment.
The hospitality company reported cost savings of $1.5 million over a four-year period through their implementation of CrowdStrike’s security solutions.
In other recent news, CrowdStrike Holdings has seen several updates that could interest investors. Stephens raised its price target for CrowdStrike to $590 from $525, maintaining an Overweight rating, citing adjustments for ARR-to-subscription revenue conversion headwinds. Similarly, TD Cowen increased its price target to $580 from $500, highlighting CrowdStrike’s record pipeline and the growing adoption of its Falcon Flex platform as reasons for the optimistic outlook. Citizens JMP also raised its price target to $550 from $500, maintaining a Market Outperform rating, with the new target reflecting a 23.5x CY26E EV/revenue multiple.
Additionally, Bernstein reiterated its Market Perform rating with a $343 price target after CrowdStrike’s Fal.Con event, which received a positive response from investors. In a strategic move, CrowdStrike appointed Amjad Hussain as the new chief resilience officer to enhance operational excellence and reliability. Hussain brings over 25 years of experience from roles at Vanilla and Amazon Web Services. These developments indicate active strategic and operational shifts within CrowdStrike.
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