BMO Capital analyst Keith Bachman raised the firm’s price target on CrowdStrike (CRWD) to $555 from $500 and keeps an Outperform rating on the shares. The company reported solid results with upside on every metric for the quarter and the guide, while its broad and leading portfolio, which includes SIEM, Identity, Cloud, and Charlotte AI, can help sustain durable growth, the analyst tells investors in a research note. CrowdStrike is the best positioned security company in BMO’s coverage universe, but given the current valuation, the stock is lower in the firm’s “pecking order of Outperform-rated names”, BMO added.
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