Crowdstrike price target raised to $400 from $300 at Piper Sandler

Piper Sandler raised the firm’s price target on Crowdstrike to $400 from $300 and keeps an Overweight rating on the shares. Accelerating NNARR growth of +27% punctuated a strong end to the year for Crowdstrike, with results beating expectations across both the top- and bottom-line, the firm says. Platform traction and momentum remain compelling, and management’s confidence behind its strategy is unwavering despite comments and GTM strategy changes noted by competitors recently, notes Piper.