CrowdStrike price target raised to $475 from $400 at Stifel

Stifel raised the firm’s price target on CrowdStrike (CRWD) to $475 from $400 and keeps a Buy rating on the shares ahead of the company’s fiscal Q4 report due after market close on March 4. Following a 28 respondent survey of resellers, the firm says the results improved nicely compared to its November survey, with year-over-year growth and outperformance levels improving sequentially and the faulty update having a diminishing impact on deal delays, competitive losses, and pricing concessions. Resellers generally believe that CrowdStrike will emerge stronger from the event, the analyst tells investors in a preview note.