CrowdStrike price target raised to $500 from $405 at BMO Capital

BMO Capital raised the firm’s price target on CrowdStrike (CRWD) to $500 from $405 and keeps an Outperform rating on the shares. The company reported a “solid if unspectacular” quarterly report, and the firm continues to think that CrowdStrike has one of the most comprehensive and effective security portfolios, the analyst tells investors in a research note. CrowdStrike should be able to sustain 20% type top-line growth into FY27 as its execution remains solid from an R&D and go-to-market perspective, BMO added.