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Deutsche Bank upgrades CrowdStrike rating and sets $300 price target

Investing.com +2 · ·by G4L

CRWD Crowdstrike Holdings Inc
$228.58 +5.38%
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  1. 1Deutsche Bank raised its investment rating for CrowdStrike from Hold to Buy and set a DCF-based price target of $300.
  2. 2Analyst Brad Zelnik noted that CrowdStrike's projected total addressable market of $565 billion by 2034 is a conservative figure.
  3. 3Deutsche Bank expects CrowdStrike to reach its annual recurring revenue target of $10 billion for fiscal year 2030 sooner than expected.

So what's the key point?

Deutsche Bank recommended buying CrowdStrike and set a price target of $300. The bank expects the company to reach its revenue goals earlier than anticipated.

Source Investing.com +2 · View original ↗

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