Sep. 22 at 10:22 PM
Bank of America raised its outlook for major cybersecurity stocks, arguing that growing concerns over AI security could provide a significant and durable catalyst for the sector. The firm increased its CrowdStrike price target to
$260, based on a 36x multiple of 2027 EV/sales, up from 32x previously.
Following announcements at Fal.Con, CrowdStrike has strengthened its positioning in AI security. Its Guardian product is designed to detect and respond to AI-related threats, while SafeMind provides secure AI capabilities for cybersecurity teams, addressing growing demand as companies deploy AI across their operations.
Wedbush initiated coverage of CrowdStrike, highlighting 25% year-over-year growth in annual recurring revenue during fiscal Q2. Stephens also raised its price target, citing confidence in CrowdStrike’s growth prospects as AI adoption expands the cybersecurity market.
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