Crowdstrike price target raised to $375 from $318 at KeyBanc

KeyBanc raised the firm’s price target on Crowdstrike to $375 from $318 and keeps an Overweight rating on the shares ahead of January quarter earnings. The firm expects solid upside to Q4 following strong checks but notes high expectations given Crowdstrike’s outperformance. Strong checks still primarily driven by endpoint and identity, with partners not yet seeing a significant uptick in XDR/SIEM or CNAPP, KeyBanc adds.