
Shares of cybersecurity firm CrowdStrike CRWD.O rise 1.7% to $379 premarket
BTIG upgrades stock to "buy" from "neutral", saying the company has demonstrated its dominance in the core endpoint security target market
"Our fieldwork leads us to believe that CRWD is best positioned of any vendor to win the Security Information and Event Management market, a $6 bln+ opportunity," brokerage says
CRWD is recognized as a top 2 or 3 vendor in the $7 bln cloud security space - BTIG
39 of 51 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell"; median PT is $410.8 - data compiled by LSEG
Stock had risen 34% in 2024