BUZZ-CrowdStrike rises after BTIG upgrades to 'buy'

Reuters03-25

** Shares of cybersecurity firm CrowdStrike CRWD.O rise 1.7% to $379 premarket

** BTIG upgrades stock to "buy" from "neutral", saying the company has demonstrated its dominance in the core endpoint security target market

** "Our fieldwork leads us to believe that CRWD is best positioned of any vendor to win the Security Information and Event Management market, a $6 bln+ opportunity," brokerage says

** CRWD is recognized as a top 2 or 3 vendor in the $7 bln cloud security space - BTIG

** 39 of 51 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell"; median PT is $410.8 - data compiled by LSEG

** Stock had risen 34% in 2024

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))

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