Crowdstrike price target raised to $270 from $238 at BMO Capital

BMO Capital raised the firm’s price target on Crowdstrike to $270 from $238 and keeps an Outperform rating on the shares. The analyst cites the firm’s meeting with security industry leaders, which indicated that demand remains steady for Crowdstrike, consistent with the results from the last quarter. BMO still has some concerns about endpoint growth in 2024, but Crowdstrike’s comprehensive portfolio is “driving share gains”, the firm added.