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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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
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