Why CrowdStrike Stock Rallied to All-Time Highs Today

Shares of CrowdStrike (NASDAQ: CRWD) rallied to all-time highs today, up by 8% as of 12:40 p.m. EST, after getting a vote of confidence from Wall Street. Truist Securities reiterated a buy rating while raising its price target from $180 to $200.

Analyst Joel Fishbein has been evaluating the impact of the massive hack of several U.S. government agencies that originated at network management software provider SolarWinds. Cybersecurity technology specialist FireEye (NASDAQ: FEYE) was also compromised, saying earlier this month that many of its security tools were stolen as part of the attack that is believed to have been orchestrated by Russian intelligence agencies.

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Source Fool.com