Berenberg upgrades CrowdStrike to 'buy' after SGNL acquistion; shares up

Shares of cybersecurity firm CrowdStrike CRWD.O rise 1.21% to $469.50 premarket

Berenberg upgrades CRWD to "buy" from "hold"

Co said on Thursday it would acquire identity security startup SGNL for $740 million to strengthen its defenses against AI‑driven cyber threats

Berenberg says adding SGNL to its Falcon Identity portfolio could help CRWD sell more products to existing customers

35 of 54 brokerages rate stock "buy" or higher, 17 "hold" and 2 "sell" or lower; median PT is $567 - data compiled by LSEG

As of last close, stock up 29.31% in the past 12 months