CrowdStrike price target raised to $475 from $472 at JPMorgan

JPMorgan analyst Brian Essex raised the firm’s price target on CrowdStrike (CRWD) to $475 from $472 and keeps an Overweight rating on the shares following the earnings report. The company reported “beat and raise and AI tailwinds in play,” the analyst tells investors in a research note. JPMorgan sees evidence that CrowdStrike has been able to leverage incentives, accelerate market penetration, and consolidate share with a “dominant best-in-class platform.”