In late February, UnitedHealth’s (UNH) Change Healthcare was hacked, disrupting healthcare payments and widely impacting patient care across the U.S., and as policy responses appear to support cyber spend increases, Macquarie analyst Frederick Havemeyer tells investors in a research note that Crowdstrike (CRWD) and Zscaler (ZS) are the firm’s top cyber picks to benefit from this breach. The firm believes CrowdStrike’s best-of-breed endpoint security platform is ideally positioned to mitigate ransomware attacks, and thinks Zscaler’s cloud-based network security solutions provide strong protection against attackers moving laterally within hybrid cloud environments. Macquarie has an Outperform rating and $370 price target on Crowdstrike and Outperform rating and $245 price target on Zscaler.
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 Stock’s (NASDAQ:CRWD) Strong Buy Rating Is No Joke
- Why CrowdStrike Stock (NASDAQ:CRWD) Is Positioned to Keep Rising
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 03/14/2024
- SentinelOne price target raised to $29 from $27 at Morgan Stanley
- Crowdstrike price target raised to $372 from $304 at Morgan Stanley