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Fly News Breaks for February 11, 2020
VMW, AVGO, CRWD
Feb 11, 2020 | 07:42 EDT
As previously reported, DA Davidson analyst Andrew Nowinski upgraded Crowdstrike (CRWD) to Buy from Neutral with a price target of $75, up from $58. The analyst cites the "significant" benefits to the company from Broadcom's (AVGO) acquisition of Symantec, the minimal impact observed from VMware's (VMW) acquisition of CarbonBlack, and "increasing traction" in CrowdStrike's other products. Nowinski contends that these drivers should allow Crowdstrike to continue generating ARR growth that his "well above" consensus estimates.
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