Citizens JMP raised the firm’s price target on CrowdStrike (CRWD) to $550 from $500 and keeps an Outperform rating on the shares. The record attendance at CrowdStrike’s user conference and sizable leap from last year do not fully capture the scope of the event which has already transcended from a standard user conference to a high-profile cybersecurity gathering nearing the level of Blackhat or similar industry event, the analyst tells investors in a research note. The new product announcements at Fal.Con 2025 were all about AI, a clear signal about where the cyber industry is headed and CrowdStrike’s intent to be the leader, the firm adds.
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