10:33 AM EDT, 08/28/2025 (MT Newswires) -- CrowdStrike ( CRWD ) is seen sustaining the 20% annual recurring revenue growth it posted in fiscal Q2, Oppenheimer said in a Wednesday note.

The brokerage noted that module adoption dynamics are normalizing after the termination of the customer commitment package program and Falcon Flex contract utilization continues to be high.

Net new annual recurring revenue is increasing substantially due to solid growth in next-gen products, Oppenheimer said.

The firm said that for fiscal Q2, net new annual recurring revenue of about $221 million topped the consensus of roughly $202 million and went back to year-over-year growth a quarter earlier than what management had expected.

Oppenheimer maintained the company's outperform rating and $520 price target.

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