Crowdstrike price target raised to $170 from $165 at JPMorgan

JPMorgan analyst Brian Essex raised the firm’s price target on Crowdstrike to $170 from $165 and keeps an Overweight rating on the shares. The company’s profitability and cash flow in Q2 were better than expected, the analyst tells investors in a research note. The lack of upside to the full year annual recurring revenue outlook may give some investors pause, but Crowdstrike’s better profitability and cash flow offset, says the firm.