Scotiabank analyst Patrick Colville lowered CrowdStrike’s price target to $440 despite strong Q2 earnings. Total revenue grew by 21% to $1.17 billion, with subscription revenue at $1.10 billion. Net new Annual Recurring Revenue reached a record $221 million, with ending ARR at $4.66 billion. ARR from key products exceeded $1.56 billion, growing over 40% year-over-year. The company reported a record Q2 free cash flow of $284 million. CrowdStrike provides cybersecurity solutions through a SaaS subscription-based model. While CRWD is promising, other AI stocks may offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Scotiabank Lowers CrowdStrike (CRWD) PT to $440 Despite Strong Q2 Earnings Report