CrowdStrike initiated with a Buy at Benchmark

Benchmark analyst Yi Fu Lee initiated coverage of CrowdStrike (CRWD) with a Buy rating and $500 price target The company is viewed as a top cybersecurity pick due to strong technology leadership, high AI defensibility, a $150B total addressable market, consistent beat-and-raise execution, and profitable growth targeting Rule of 50+, with technical indicators suggesting potential upside, the analyst tells investors in a research note. The long-term bullish thesis centers on a clear path to $10B in annual recurring revenue driven by high-growth platform solutions, AI-powered security momentum, and a durable competitive moat against AI disruption, the firm says.