Why CrowdStrike Is Set To Beat Conservative Estimates: Analyst On Vigorous Channel Checks And Stabilizing Demand
Portfolio Pulse from Anusuya Lahiri
Needham analyst Alex Henderson reiterated a Buy rating for CrowdStrike Holdings Inc (CRWD) with a $170 price target, expecting the company to beat conservative estimates due to a stabilizing demand environment and vigorous channel checks. The analyst also noted CrowdStrike's robust AI-driven platform and its increasing strength in Enterprise customers. However, Microsoft Corp's (MSFT) E5 bundling and traction with Defender could pose a threat to CRWD's pricing.
August 29, 2023 | 7:29 pm
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NEUTRAL IMPACT
Microsoft's E5 bundling and traction with Defender could pose a threat to CrowdStrike's pricing.
The analyst noted that Microsoft's E5 bundling and traction with Defender could pose a threat to CrowdStrike's pricing. This could potentially impact Microsoft's stock price as it indicates the company's competitive position in the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
CrowdStrike's robust AI-driven platform and increasing strength in Enterprise customers could lead to a beat in conservative estimates. However, competition from Microsoft could impact pricing.
The analyst's positive outlook on CrowdStrike is based on the company's robust AI-driven platform and its increasing strength in Enterprise customers. However, the analyst also noted that Microsoft's E5 bundling and traction with Defender could pose a threat to CrowdStrike's pricing, which could potentially impact the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90