Investors' worries about the prospect of higher-for-longer interest rates have made a comeback, pulling the major averages lower this past week.
Explaining his bullish stance, Moskowitz said, "CRWD's cloud platform remains very differentiated, its GTM is unrivaled," and the company is witnessing more success beyond the traditional endpoint security markets. The analyst noted the company has been increasing its focus on the highly competitive running category after losing ground over the past few years. He anticipates that the category's growth will be supported by an array of new launches, including the Pegasus 41.
Drbul holds the 565th position among more than 8,700 analysts tracked by TipRanks. His ratings have been profitable 59% of the time, with each delivering an average return of 7.9%. recently reported mixed results for the fourth quarter. The company's earnings surpassed analysts' consensus estimate, but revenue, which grew 8.7% year over year, fell short of expectations.was impressed with the company's performance.
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