TECH - Why CrowdStrike Is Set To Beat Conservative Estimates: Analyst On Vigorous Channel Checks And Stabilizing Demand | Benzinga
Needham analyst Alex Henderson reiterated CrowdStrike Holdings Inc (NASDAQ: CRWD) with a Buy and a $170 price target.
The analyst thinks CRWD will report a solid beat, given conservative guidance and estimates, a stabilizing demand environment, and vigorous channel checks.
Management will keep its guidance conservative as conditions, while stable, remain pressured.
Henderson thinks the discussion of AI-driven attacks and AI-driven responses amplifies Crowd's position as one of the most robust platforms.
He thinks CISOs confronted with board-level questions about the AI strategy and threats see Crowd as a preferred vendor.
The emerging stability evidenced in Security software names' results is crucial ...