Morgan Stanley raised the firm’s price target on CrowdStrike (CRWD) to $390 from $355 and keeps an Overweight rating on the shares. In the near-term, the firm sees less upside given platformization headwinds and valuations above historical average levels, but it still favors “premier consolidators” Palo Alto Networks (PANW) and CrowdStrike over the longer-term, the analyst tells investors.
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