RBC Capital analysts shared their views on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) ahead of the upcoming Q4/23 earnings release on Thursday.

Despite challenging macros, the analysts expect a slight upside compared to a pragmatic Q4 guide as the company’s checks have slowed like most, but remain strong relative to peers.

Consensus ARR stands at $2.517 billion, up 45% year-over-year, which implies $178.5 million of net-new ARR, down 18% year-over-year.

The analysts expect full 2024-year guidance to remain conservative relative to the preliminary look last quarter. The analysts reiterated their Outperform rating and $150 price target.