CrowdStrike price target raised to $429 from $390 at Morgan Stanley

Morgan Stanley raised the firm’s price target on CrowdStrike (CRWD) to $429 from $390 and keeps an Overweight rating on the shares ahead of the company reporting fiscal Q4 results on March 4. The firm’s channel checks indicate a faster than expected recovery for CrowdStrike post the July outage and despite the recent run in the share price the firm sees further upside, the analyst tells investors in a preview.