Crowdstrike price target raised to $240 from $225 at Stifel

Stifel analyst Adam Borg raised the firm’s price target on Crowdstrike to $240 from $225 and keeps a Buy rating on the shares following a “strong” Q3 print that featured all key top-line and bottom-line metrics above guidance and/or Stifel/Street expectations. FY24 guidance went up beyond the quarterly beat, but CrowdStrike chose to not offer an early look into FY25 guidance despite investor expectations, noted the analyst, who adds that the “bottom line is this was a strong print and our broader thesis remains squarely intact.”