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Crowdstrike price target raised by $39 at JPMorgan, here’s why

JPMorgan analyst Brian Essex raised the firm’s price target on Crowdstrike to $269 from $230 and keeps an Overweight rating on the shares. The analyst updated price targets across security software to reflect current and anticipated market conditions. Stock multiples have expanded in recent weeks, reflecting greater investor appetite for risk, the analyst tells investors in a research note.

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