Morgan Stanley raised the firm’s price target on CrowdStrike (CRWD) to $455 from $415 and keeps an Overweight rating on the shares. Reseller checks and survey results have confirmed a stable and strong security spending environment, though investor expectations have moved higher following early Q1 reports, “necessitating stronger prints in a typically seasonally slower quarter,” the analyst tells investors in a preview. From a tactical perspective, the analyst favors CrowdStrike, Palo Alto Networks (PANW) and Zscaler (ZS) ahead of Q1 earnings, while “exercising incremental caution” on Okta (OKTA) and SentinelOne (S), the preview added.
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