CRWD is a constructive buy; Truist raised PT to $300 (from $245) implying ~30% upside based on record quarter and strong FY27 expectations.

All right, and then uh CrowdStrike after hitting the new highs now getting a a little bit of a price target change. Let's talk about this. >> CrowdStrike, this is Truist over here.

They're raising their price target on CrowdStrike to 300. That's up from 245. They are maintaining a buy rating. So, we're very constructive here.

Uh CrowdStrike pulling back uh today. Uh you know, again, we've been watching some softness in the broader market. Uh the new target from Truist implies about 30% upside from uh where the share price has been sitting.

They're pointing to their record quarter. Uh strong fiscal 2027 expectations for CrowdStrike here.

And look, this one has had a big run recently uh here for CrowdStrike. The quarter behind the bullishness they point to is all the data points that we talked about when we looked at its earnings.

Uh the revenue increased 26% year-over-year. Uh annual recurring revenue ARR uh growing 25%.

Um that record number uh net new ARR, that's a huge number there, 332.8 million. So, it's an important measure of newly secured subscription business here for CrowdStrike here.

Um Truist does want evidence that demand acceleration for Falcon uh is durable here. So, they want to see that. So, if not, they don't want to see just simply a short-term spike in securities betting but CrowdStrike,

we've been talking about this move that we've been watching in the cybersecurity companies. It's had a phenomenal move this year. I talked about that yesterday with Falcon and that they have a deal with Google and they had a deal with Clear and that it was continuing to grow and it was about a week and a half ago.

No, it was last Monday when you talked about CrowdStrike being in the poll position. Remember we talked about that Jefferies call and on that day it was at 190 and now it's uh well over this 200 level.