Argus analyst Joseph Bonner raised the firm’s price target on Crowdstrike to $315 from $265 and keeps a Buy rating on the shares. Crowdstrike shares were hit hard in the 2022 market and Tech sector selloffs, but they have made an extraordinary rebound in 2023, outperforming both the cybersecurity industry and the broad market, the analyst tells investors in a research note. Given its focus on next-generation cybersecurity, Argus views the company as a “strong competitor” in the highly fragmented enterprise cybersecurity market, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRWD:
- Crowdstrike price target raised to $291 from $250 at BTIG
- Crowdstrike price target raised by $32 at BMO Capital, here’s why
- Crowdstrike price target raised to $270 from $238 at BMO Capital
- Crowdstrike initiated with bullish view at Susquehanna, here’s why
- Crowdstrike initiated with a Positive at Susquehanna