CrowdStrike price target raised to $500 from $450 at BMO Capital

BMO Capital raised the firm’s price target on CrowdStrike (CRWD) to $500 from $450 and keeps an Outperform rating on the shares after the company’s Analyst Day. The company continues to successfully expand its platform and demonstrate numerous vectors for ongoing growth from endpoint, cross-sell of existing modules, new logos, geographic expansion, and new opportunities such as AI and agentic solutions, the analyst tells investors in a research note. BMO is raising its price target to reflect the management’s higher net new annual recurring revenue guide, expanding portfolio, and both customer and partner enthusiasm, the firm added.