CrowdStrike price target raised to $825 from $640 at Rosenblatt

Rosenblatt analyst Catharine Trebnick raised the firm’s price target on CrowdStrike (CRWD) to $825 from $640 and keeps a Buy rating on the shares following what the firm calls an “outstanding” Q1 earnings report. Despite the significant milestones and improving outlook, CrowdStrike shares fell about 11% in after-hours trading, which the firm believes is likely the result of profit taking after shares rose about 87% since the last earnings report. However, amid an industry inflection point termed the “Mythos moment,” the “intersection of frontier AI models and cybersecurity has positioned the Falcon platform as critical AI infrastructure,” the firm contends.

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