On Wednesday, TD Cowen maintained an “outperform” rating on shares of CrowdStrike Holdings (NASDAQ:) and raised its price target to $400 from the previous $340. This adjustment follows CrowdStrike’s announcement of record financial results for the fourth quarter of fiscal 2024.
The cybersecurity firm reported annual recurring revenue (ARR) growth of 34% year-over-year, a record free cash flow (FCF) margin of 33% and provided strong guidance for fiscal 2025, forecasting revenue growth of 30% and 32 percent revenue growth. % free cash flow margin.
TD Cowen highlighted the company’s growing win rate and outstanding performance of key platform components as evidence of CrowdStrike’s continued growth. The firm also noted the positive impact of the recent acquisition of Flow, which continues to enhance CrowdStrike’s comprehensive cybersecurity platform.
An analyst at TD Cowen expressed confidence in CrowdStrike’s trajectory, reiterating an Outperform rating. The elevated price target of $400 reflects the analyst’s optimism about the company’s future performance, supported by strong financial results and strategic growth initiatives.
CrowdStrike’s financial performance and favorable outlook for the upcoming fiscal year appear to echo TD Cowen’s positive stance on the stock. The company’s expanding platform and strategic acquisitions are designed to strengthen its position in the competitive cybersecurity market.
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CrowdStrike Holdings (NASDAQ:CRWD) has recently attracted the attention of investors and analysts due to its impressive financial performance and strategic position in the market. WITH adjusted market capitalization The company’s valuation of $71.46 billion reflects its significant presence in the cybersecurity sector.
InvestingPro data highlights significant Revenue growth by 39.94% over the trailing twelve months through Q3 2024, indicating strong expansion of CrowdStrike’s business operations. companies gross profit stands at an impressive 74.62%, demonstrating effective cost management and strong pricing power in its market niche.
InvestingPro’s advice that matches TD Cowen’s positive outlook is to wait net profit growth this year, which could further bolster investor confidence in CrowdStrike’s profitability trajectory. In addition, analysts expect Sales growth This year, TD Cowen’s price target increase appears to be well supported by the company’s financial trends.
For investors looking for more comprehensive analysis, 14 additional InvestingPro tips are available on CrowdStrike, including information on valuation multiples and profitability forecasts. These tips will help you gain a deeper understanding of your company’s financial health and market potential.
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