Bank of America raised its CrowdStrike Holdings price target to $230 from approximately $188. This adjustment follows a broader positive revision across the cybersecurity sector.
The bank cited accelerating artificial intelligence adoption and expanding valuations as key industry drivers. Analysts also highlighted a strong long-term growth outlook for the sector.
Bank of America maintained its Neutral rating on CrowdStrike despite the price target increase. The bullish sector update also included firms like Palo Alto Networks and Cloudflare.
The revision reflects a positive view on valuation potential amid favorable market trends.