Crowdstrike price target raised to $163 from $150 at Morgan Stanley

Morgan Stanley analyst Hamza Fodderwala raised the firm’s price target on Crowdstrike to $163 from $150 and keeps an Overweight rating on the shares after the firm hosted CrowdStrike’s CEO, CFO, President and Head of IR and came away from the meetings "incrementally positive." The demand environment is "far better than feared" in early 2023 and emerging products and new partnerships should drive topline upside, the analyst tells investors following the management meetings.