Crowdstrike price target raised to $238 from $227 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on Crowdstrike to $238 from $227 and keeps an Outperform rating on the shares. The company’s Q3 billings were “weak”, but its emerging model traction is increasing, which provides more confidence in Crowdstrike’s longer-term growth potential, the analyst tells investors in a research note. CrowdStrike is developing a compelling portfolio of security solutions beyond the endpoint and stands to benefit from consolidation, the firm added.