CrowdStrike price target raised to $450 from $385 at Rosenblatt

Rosenblatt analyst Catharine Trebnick raised the firm’s price target on CrowdStrike (CRWD) to $450 from $385 and keeps a Buy rating on the shares. Based on its fieldwork, the firm expects CrowdStrike to meet or slightly exceed its Q4 revenue estimate of 22% year-over-year growth. Conversations with 20 chief information security officers in January and four resellers suggest the impact of the outage appears limited, with minimal customer churn, as customers are instead choosing to add modules r extend the terms of their contracts, the analyst tells investors in a research note.