
CrowdStrike's ARR growth provides sign of durability heading into next year: analysts

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CrowdStrike's Q2 results showed higher than expected net new annual recurring revenue (NNARR), leading to positive analyst reviews. Shares rose 2%. Barclays maintained an Overweight rating with a $500 price target, while RBC Capital Markets kept an Outperform rating at $510. Goldman Sachs lowered its target to $492, citing a revenue miss. Analysts express confidence in future growth despite concerns over revenue divergence. Other cybersecurity stocks also saw gains.
