Morgan Stanley has reiterated its Buy rating on CrowdStrike (CRWD) and raised the price target to $422 from $372. The firm believes that CrowdStrike will surpass $5 billion in Annual Recurring Revenue (ARR) by the calendar year 2025, positioning it ahead of its peers in the SaaS sector. Morgan Stanley also named CrowdStrike as a top pick and sees the company's market capitalization topping $100 billion over the next year. The stock saw a 7% increase following the announcement. Morgan Stanley maintains its Overweight rating on the stock.
MORGAN STANLEY SEES CROWDSTRIKE TOPPING A $100B VALUATION OVER THE NEXT YEAR Morgan Stanley just raised its price target on CrowdStrike $CRWD to $422 from $372 while maintaining its Overweight rating
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$CRWD Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. “With an expanding TAM, improving upsell and FCF, we see CRWD surpassing $100B market cap in the NTM [next twelve months] and nearly doubling…
$ONON u/g BUY @ Truist pt 46 from 34 $DELL Dell Technologies price target raised to $185 from $125 at Loop Capital $CRWD *CROWDSTRIKE NAMED A TOP PICK AT MORGAN STANLEY; PT TO $422
$CRWD +7 Morgan Stanley raised the firm's price target on Crowdstrike to $422 from $372 and keeps an Overweight rating
$CRWD *CROWDSTRIKE NAMED A TOP PICK AT MORGAN STANLEY; PT TO $422
Morgan Stanley REITERATED its Buy Rating on $CRWD and RAISED the PT to $422 from $372. Morgan Stanley believes CrowdStrike will surpass $5B in Annual Recurring Revenue (ARR) by calendar year 2025, outpacing its peers in the SaaS sector.