CrowdStrike unbothered by Alphabet-Wiz deal, confident in future growth

From StockTwits: 2025-03-20 00:52:17

Alphabet, Inc. (GOOGL) confirms $32 billion cash acquisition of cloud security platform company Wiz. CrowdStrike, Inc. (CRWD) remains unfazed by the deal, with CFO expressing confidence in future net new annual recurring revenue and cash flow. CrowdStrike’s agent offering seen as competitive advantage over Wiz’s agentless offering. Company focused on Falcon Flex platform and aims to reach $10 billion ending ARR goal. Stock trades at forward P/E multiple of 109 times. CrowdStrike stock up 9.6% year-to-date, with consensus price target of $408.36. Analysts maintain ‘Buy’ rating and $425 price target for CRWD stock.



Read more at StockTwits: CrowdStrike Analyst Dismisses Alphabet-Wiz Threat, But Retail Sees Some Risks