Crowdstrike price target raised to $130 from $115 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Crowdstrike (CRWD) to $130 from $115 and keeps a Hold rating on the shares. The company exceeded "fairly modest" expectations, with incremental annual recurring revenue growing, 2% year-over-year versus implied guidance for down high teens, the analyst tells investors in a research note. While the macro environment remains challenging, overachievement in the quarter seems attributable to a strong close in January along with increased traction down market, perhaps at the expense of SentinelOne (S), the analyst tells investors in a research note.