Crowdstrike price target raised to $369 from $330 at JPMorgan

JPMorgan analyst Brian Essex raised the firm’s price target on Crowdstrike (CRWD) to $369 from $330 and keeps an Overweight rating on the shares ahead of the Q3 report on November 26. The results “could be much better than some anticipate,” the analyst tells investors in a research note. The firm says expectations were revised materially lower last quarter and guidance established “relatively conservative and wide goalposts to set expectations for performance after the unprecedented event.”