Crowdstrike price target raised to $192 from $188 at BTIG

BTIG raised the firm’s price target on Crowdstrike to $192 from $188 and keeps a Buy rating on the shares. The company’s Q2 results were much better than feared given the “fairly negative” sentiment, with the management also increasing profitability targets, the analyst tells investors in a research note. Commentary on continued share gains in Crowdstrike’s core endpoint security target market against both legacy and next-gen security vendors was also encouraging, the firm added.