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CrowdStrike (CRWD) Price Target Reiterated After Solid Q3 Results
Yahoo Finance· 2025-12-20 08:59
Core Insights - CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is recognized as a top high-growth stock, with DA Davidson maintaining a Buy rating and a price target of $580 following strong fiscal third-quarter results [1] Financial Performance - The company reported a 23% year-over-year growth in annual recurring revenue (ARR), an increase from 20% in the previous quarter [1] - Net new ARR for the quarter reached $265 million, surpassing consensus estimates of $238 million [1] - For the fourth quarter, CrowdStrike anticipates net new ARR of approximately $301 million, exceeding the average estimate of $290 million, indicating a 23% year-over-year increase [2] Future Guidance - CrowdStrike's guidance suggests a more than 50% increase in net new ARR for the second half of fiscal year 2026 and over 20% growth in fiscal year 2027 from a higher base [2] - The company reaffirmed its fiscal year 2027 goals, targeting a year-over-year net new ARR increase of more than 20% [3] Market Reaction - Despite the strong financial results, CRWD shares experienced a modest decline in after-hours trading, attributed to "very high expectations" [3] Company Overview - CrowdStrike provides cybersecurity services and products aimed at preventing breaches, including cloud-delivered protection across endpoints, threat hunting, managed security services, IT operations management, and log management [3]