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Why CrowdStrike Stock Climbed Today

TheMotleyFool

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Shares of CrowdStrike (NASDAQ: CRWD) rose 3.2% on Tuesday, following bullish analyst commentary.

Goldman Sachs analyst Brian Essex lifted his rating on Crowdstrike's stock from neutral to buy. He now sees its share price surging roughly 28% to $285, up from a prior estimate of $241.

Essex says Crowdstrike is experiencing "unprecedented demand" for its cloud-based security tools as the conflict in Europe stokes fears of sophisticated cyberattacks.

Source Fool.com

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