- The stock price of CrowdStrike Holdings Inc (NASDAQ: CRWD) has received a price target increase from $198 to $245 by Bank of America. These are the details.
The stock price of CrowdStrike Holdings Inc (NASDAQ: CRWD) has received a price target increase from $198 to $245 by Bank of America. Bank of America analyst Tal Liani also issued a “Buy” rating on CrowdStrike.
Liani cited the incident where Russian hackers had gained access to the U.S. Treasury and other government agencies through the SolarWinds Orion network monitoring product.
“In our view, the breach underscores the importance of continued cyber security investment and should drive continued spending acceleration in 2021,” said Liani in a research note via Benzinga.
CrowdStrike is known for being a leader in endpoint protection, which is necessary for aiding the protection of devices and networks. CrowdStrike has developed a methodology for turning an entities’ weak-point into better protection for its clients. And CrowdStrike’s endpoint protection platform has melded the needs of next-generation antivirus, threat intelligence, endpoint detection and response, and other features such as managed threat hunting into a consolidated management plane.
Disclosure: I have a small CRWD position in my stock portfolio.