Crowdstrike price target raised to $380 from $180 at Redburn Atlantic

Redburn Atlantic raised the firm’s price target on Crowdstrike to $380 from $180. Just as “Cloud 1.0” introduced new complexities, generative artificial intelligence “presents another transformative layer” to cybersecurity, the analyst tells investors in a research note. The firm says large platform players “stand to dominate the market once again.” Redburn sees CrowdStrike continuing to grow share in the endpoint and security operations center domains of security.