Crowdstrike price target raised to $160 from $150 at RBC Capital

RBC Capital raised the firm’s price target on Crowdstrike to $160 from $150 and keeps an Outperform rating on the shares. Despite an uneven macro environment, CrowdStrike delivered a strong quarter with a record net-new ARR, record new customer adds, and strong profitability, the analyst tells investors in a research note. The firm sees revenue and ARR guidance as a "good starting point" with an opportunity to build from here.