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Piper Sandler Sees Conservative Q3 Setups for CrowdStrike, Elastic

The firm said both companies may accelerate and provide outlooks, without specifying when those outlooks might come.

Two unmarked folders rest on subtly rising platforms. / TokenPost.ai
Two unmarked folders rest on subtly rising platforms. / TokenPost.ai

Piper Sandler views the third-quarter setups at CrowdStrike Holdings, Inc. (CRWD) and Elastic (ESTC) as conservative, with both companies potentially accelerating and offering outlooks, the firm said Tuesday.

“We believe both CRWD and ESTC have conservative setups for 3Q, with both names poised to potentially accelerate and give outlooks,” Piper Sandler said.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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