Crowdstrike price target raised to $370 from $285 at Macquarie

Macquarie raised the firm’s price target on Crowdstrike to $370 from $285 and keeps an Outperform rating on the shares following a quarterly report that the firm calls “a tour de force.” Citing the record Q1 pipeline, the firm says there is no “cyber spend fatigue” appearing here and notes that its increased target credits Crowdstrike for re-acceleration at scale with “leading profitability.”