Mizuho raises CrowdStrike's PT on subscription revenue growth expectations
CRWD•Brokerage sentiment and stock performance
40 of 55 brokerages rate the stock "buy" or higher, 13 "hold" and two "sell or lower"; their median PT is $201.25, according to data compiled by LSEG.
Up to the last close, the stock has risen about 82% this year.
Mizuho lifts target on stronger subscription growth view
Mizuho raises cybersecurity company CrowdStrike's CRWD.O PT to $240 from $175, implying a 12.72% upside to the stock's last close.
The brokerage expects subscription revenue growth to accelerate this quarter, driven by renewals and upsells of Falcon Flex, CRWD's flexible consumption and licensing model for its Falcon cybersecurity platform.
Partners report July activity was "particularly good" and several large CRWD deals are expected to close in Q3, the brokerage said.
