🔼CrowdStrike $CRWD upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Brad Zelnick upgraded CrowdStrike to Buy from Hold with a price target of $300, up from $240.
The market has still not appreciated the extent to which AI will expand the market for cybersecurity, the analyst tells investors in a research note. The firm says CrowdStrike is the leader in the space.
It believes the company's $565B total addressable market estimate by 2034 will prove conservative given the "tsunami of cyber demand materializing as the AI frontier advances."