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CRWD Stock’s New Target Implies 18% Upside Potential – Needham Cites Growth From CrowdStrike's Flex Subscription Model
Stocktwits ·
Stocktwits reports: CrowdStrike (CRWD) shares gained in morning trade on Friday as the broader market recovered, with Needham raising its price target on the stock to $310 from $250. In a research note to investors cited by TheFly, Needham said conversations across the industry suggested CrowdStrike’s Flex model was helping customers expand their use of the company’s security products over time. The firm said initial migrations to Flex deliver an average 40% increase in annual recurring…