CrowdStrike rises after BTIG upgrades to 'buy'

ReutersMar 25, 2025 11:21 AM

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

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