Crowdstrike price target raised to $152 from $120 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on Crowdstrike to $152 from $120 and keeps an Outperform rating on the shares. While one quarter is unlikely to completely alleviate competition and pricing concerns, Crowdstrike’s "solid results should help given an attractive valuation," the analyst tells investors in a research note. The firm still believes the company can mitigate endpoint competition, and investor concerns, by continuing to diversify its portfolio and revenue streams, and posting solid results.