Roth Capital raised the firm’s price target on CrowdStrike (CRWD) to $420 from $410 and keeps a Buy rating on the shares. The company’s Q1 results were mixed as its revenue came in below buyside estimates, though the management also guided its net new annual recurring revenue for Q2 above consensus while its operating margin was raised by about 50bps, the analyst tells investors in a research note. Unlike other cybersecurity vendors this quarter, CrowdStrike is also not calling out any macro headwinds in Q1, Roth added.
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