Evercore ISI reiterated its In Line rating and $430 price target on CrowdStrike Holdings (NASDAQ: CRWD) ahead of the company’s fiscal third-quarter report on December 2.
The firm shared insights from its latest partner survey, which this quarter indicated a slightly more constructive tone versus the prior period. Partners reported modest improvements in pipeline momentum and growth expectations, consistent with the firm’s recent channel checks.
Evercore noted early signs of increasing adoption of Flex, supported by CrowdStrike’s expanded go-to-market efforts and enhanced rep training incentives. However, partners continued to cite isolated pockets of customer hesitation, and utilization trends remained mixed though broadly aligned with expectations.
Regarding CCP renewals, partners were divided on whether customers would accept full list pricing for previously credited products. Evercore said platform consolidation remained a key growth catalyst, with Charlotte AI and identity security products showing steady traction. It also cited rising partner interest in CrowdStrike’s next-generation SIEM, driven by the appeal of its unified single-agent architecture.
