CRWD: PT raised…

* Seeing a tailwind from the remote work trend, BTIG increase its CrowdStrike (NASDAQ:CRWD) price target from $67 to $80 (18% upside).

* The increased work from home shift will expand CRWD’s addressable market and drive “an acceleration in adoption of cloud form factors,” says BTIG.

* The firm says that CrowdStrike’s recurring revenue could grow about 50% in FY21 in a “reasonable upside scenario.”

* BTIG maintains a Buy rating on the company, which has a Bullish average Wall St. Analysts Rating.

After earnings, the stock jumped back up to around $48. I thought the shares should be worth AT LEAST $70-80.