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Update: Wedbush Lifts Price Target on CrowdStrike to $720 From $700 as 'Cyber-AI Strategy Continues to Play Out', Maintains Outperform Rating

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(Updated to include Wedbush commentary)

Wedbush raised its price target on CrowdStrike (CRWD) to $720 from $700 following the company's reported Q1 results with slight beats across the board, as well as the full-year guidance raise.

The cybersecurity technology company continues to see an expansive pipeline for its cyber-AI product portfolio that remains a significant driver of its bookings pipeline, analysts led by Dan Ives wrote in a Thursday note.

CrowdStrike's position as the gold standard of cybersecurity remains intact with its innovative, best-in-class Falcon platform becoming increasingly important in the new modern AI threat landscape, the analysts mentioned.

CrowdStrike has an average rating of overweight and mean price target of $646.71, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Price: $684.28, Change: $-63.34, Percent Change: -8.47%

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