Crowdstrike price target raised to $355 from $325 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Crowdstrike (CRWD) to $355 from $325 and keeps an Overweight rating on the shares. Crowdstrike will report its first full quarter post the July 19 outage on November 26, notes the firm, which thinks the company is “recovering well” post the outage based on the firm’s checks. While the stock has nearly returned to pre-outage levels sooner than expected, the firm thinks investor sentiment remains “largely negative” and sees further upside post a better-than-expected Q3 result, the analyst tells investors in a preview.