Crowdstrike price target raised to $340 from $310 at TD Cowen

TD Cowen raised the firm’s price target on Crowdstrike to $340 from $310 and keeps an Outperform rating on the shares. The company’s “industry-leading” vendors should be among the main beneficiaries of the amendment of the National Cyber Incident Response Plan that would see a fostering of public-private collaboration mechanisms, the analyst tells investors in a research note. The firm expects Crowdstrike to report “healthy” Q4 results and a likely upbeat outlook for fiscal 2025.