CrowdStrike price target raised to $405 from $380 at BMO Capital

BMO Capital raised the firm’s price target on CrowdStrike (CRWD) to $405 from $380 and keeps an Outperform rating on the shares. The stock is one of the best positioned companies in the security market, though its results for the next few quarters will continue to be impacted by customer commitment packages and driven by the outage, the analyst tells investors in a research note. Some patience is required, but BMO’s introduction of FY27 estimates reflect normalized growth and margin outlook, the firm adds.