Crowdstrike price target raised to $165 from $155 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on Crowdstrike to $165 from $155 and keeps an Overweight rating on the shares. The analyst says the company’s Q4 net new annual recurring revenue of $222M was higher than most upside scenarios. The Q1 outlook "also sets up for another beatable bar," the analyst tells investors in a research note.