Why CrowdStrike Stock Just Popped 6%

Shares of cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) had surged 6% by noon EST on Wednesday after analysts at investment bank R.W. Baird upgraded the stock to outperform and assigned it a $155 target price.

According to TheFly.com, which reported the upgrade this morning, Baird likes CrowdStrike for its strong fundamentals as well as "its favorable competitive positioning, and management's ability to execute."

You'd expect an analyst to say something similar about pretty much any stock that it likes, so what makes CrowdStrike special?

Continue reading

Source Fool.com