Mizuho raises CrowdStrike's PT on subscription revenue growth expectations
BUZZ-Mizuho raises CrowdStrike's PT on subscription revenue growth expectations ** Brokerage Mizuho raises cybersecurity company CrowdStrike's CRWD.O PT to $240 from $175, implying a 12.72% upside to the stock's last close
** Brokerage expects subscription revenue growth to accelerate this quarter, driven by renewals and upsells of Falcon Flex, CRWD's flexible consumption and licensing model for its Falcon cybersecurity platform
** Partners report July activity was "particularly good" and several large CRWD deals are expected to close in Q3 - brokerage
** 40 of 55 brokerages rate the stock "buy" or higher, 13 "hold" and two "sell or lower"; their median PT is $201.25 - data compiled by LSEG
** Up to last close, stock has risen ~82% this year
(Reporting by Prathik Jayaprakash in Bengaluru)
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