Analysts at RBC Capital provided their views on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) ahead of Q3 results, expecting strong earnings against negative investor sentiment, with shares down 17% vs. the S&P 500 +2% since Q2 results.

According to the analysts, the quarter should benefit from both the land and expand motion that benefits from 21 modules that can help offset pricing pressure in individual modules as they believe the overall competitive environment remains favorable.

The brokerage reiterated its outperform rating and $315 price target as it continues to feel the company remains well-positioned for long-term market consolidation as Omicron concerns could be an incremental demand generator.