Crowdstrike price target raised to $200 from $175 at Citi

Citi raised the firm’s price target on Crowdstrike to $200 from $175 and keeps a Buy rating on the shares. Off-cycle reporting systems software companies sounded incrementally sanguine on contractual engagement, pipeline, and large deal activity, the analyst tells investors in a research note. The firm updated the company’s model post the earnings report.