CrowdStrike price target raised to $600 from $515 at Stifel

Stifel raised the firm’s price target on CrowdStrike (CRWD) to $600 from $515 and keeps a Buy rating on the shares. After having surveyed 25 CrowdStrike value added resellers around their quarterly results and expectations for the year, the firm notes that generally the survey saw modest improvements sequentially, adding that the firm is expecting a “solid” quarter when CrowdStrike reports fiscal Q3 earnings on December 2 given the improving survey work.