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CrowdStrike Shares Rise After Solid Q3 Earnings, Analysts Remain Bullish

Benzinga ·  Nov 29, 2023 13:45

Shares of$CrowdStrike (CRWD.US)$climbedon Wednesday, after the company reported strong third quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.

Oppenheimer On CrowdStrike

Analyst Ittai Kidron maintained an Outperform rating, while raising the price target to $240.

CrowdStrike reported solid quarterly results, driven by NNARR (net new annual recurring revenue) growth and strong profitability gains, Kidron said in a note. "Demand was broad-based, with acceleration in growth for ITDR and Cloud Security and a record quarter for LogScale," he added.

"While bears will point to the muted 4Q NNARR...

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