Crowdstrike price target raised to $237 from $185 at Macquarie

Macquarie raised the firm’s price target on Crowdstrike to $237 from $185 and keeps an Outperform rating on the shares following the fiscal Q3 report. Crowdstrike exceeded $3B in annual recurring revenue, showing management is delivering despite the macro environment, the analyst tells investors in a research note. The firm thinks the company is well positioned as it enters Q4 with a record pipeline amid a threat backdrop that supports demand.