Why CrowdStrike Stock Climbed Today
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