CrowdStrike price target raised to $650 from $550 at RBC Capital

RBC Capital raised the firm’s price target on CrowdStrike (CRWD) to $650 from $550 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results among Software names. The firm believes the company will continue to pick up on success around cross-selling efforts via flex adoption and views CrowdStrike as insulated from the bear case narrative around AI, with compelling opportunity around agentic security and market consolidation, the analyst tells investors in a research note.