Crowdstrike price target raised to $395 from $345 at KeyBanc

KeyBanc raised the firm’s price target on Crowdstrike (CRWD) to $395 from $345 and keeps an Overweight rating on the shares. The firm sees a high bar for October security reporters given strong stock performance despite muted Q3 security earnings results thus far, saying its checks have been solid, the analyst tells investors in a research note. Results for Crowdstrike were strong, with several partners noting a bounce back this quarter and no mentions of customer migrations away from them, the firm says.

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