Movement Alert|CrowdStrike Rises 3.01% in Regular Trading, Wells Fargo Raises Target to $700 Amid Wave of Institutional Upgrades

Market Focus05-22

On May 22, CrowdStrike rose 3.01% in regular trading, trading at $669.17 per share, with trading volume of $339 million, extending its recent consecutive upward momentum.

The rally was primarily driven by Wells Fargo raising its price target on CrowdStrike from $525 to $700, maintaining an Overweight rating. This follows a wave of institutional upgrades over the past week, with Morgan Stanley raising its target to $610, KeyBanc setting a street-high target of $700, Royal Bank of Canada lifting to $650, and Rosenblatt adjusting to $640 — all maintaining bullish ratings. Analysts cite strong demand across the Falcon platform, with Falcon Flex contributing significantly to large platform consolidation opportunities and net-new customer deployments. Next-Gen SIEM has emerged as one of the strongest growth drivers, with partners highlighting CrowdStrike's pricing and architecture advantages over legacy vendors. The company's positioning in AI-driven security, including its participation in Anthropic's Project Glasswing and its own Project QuiltWorks expansion, further supports the bullish outlook ahead of Q1 earnings.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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