Crowdstrike price target raised to $240 from $225 at Barclays

Barclays raised the firm’s price target on Crowdstrike to $240 from $225 and keeps an Overweight rating on the shares post the Q3 report. The company’s net new annual recurring revenue returned to growth, growing double digits both organically excluding Bionic and on a reported basis, the analyst tells investors in a research note. The analyst says Crowdstrike’s “platform story will gain steam.”