The company’s impact from the update that caused the Microsoft outage is viewed as less impactful than analysts originally forecasted.
The CrowdStrike Analysts: Goldman Sachs analyst Gabriela Borges maintained a Buy rating and a $295 price target.
Cantor Fitzgerald analyst Yi Fu Lee reiterated an Overweight rating and lowered the price target from $400 to $350.
BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating and raised the price target from $290 to $315.
Truist analyst Joel Fishbein reiterated a Buy rating and $325 price target.
Read Also: CrowdStrike Shares Showing Signs Of Recovery After Microsoft Outage: Can Q2 Earnings Help Continue Trend?
Goldman Sachs on CRWD: High customer engagement and regaining share momentum were key takeaways from the company's earnings for Borges.
"Early commentary suggests temporary not structural slowdown," Borges said.
The analyst said CrowdStrike expects $60 million in deal value pushed out of the second quarter, a $30 million impact to subscription revenue in the third and fourth quarters and a high-single-digit millions impact to professional services in the second half.
Company guidance shows these impacts along with a broader slowdown, the analyst added.
"CrowdStrike noted that customer engagement is high post the incident."
The company also said several deals have closed since the July ...
