Crowdstrike price target raised to $425 from $320 at Citi

Citi raised the firm’s price target on Crowdstrike to $425 from $320 and keeps a Buy rating on the shares. The analyst says there is little to complain about in the company’s Q4 results, with the only meaningful discussion around valuation. The firm believes Crowdstrike’s scarcity value and “best-in-class execution” merits a sustainable valuation premium.