Reported 1 day ago
Crowdstrike Holdings Inc. (CRWD) has received a 'Buy' rating from Truist Securities, with a price target of $500, following a notable 71% increase in its stock over the past year. The CFO, Burt Podbere, expressed optimism about growth in the latter half of the year, driven by new revenue and a strong performance from emerging businesses. Crowdstrike, a leader in cybersecurity, aims for $10 billion in recurring revenue by 2031 and remains open to acquisitions to fuel growth.
Source: YAHOO