HSBC last night upgraded CrowdStrike (CRWD) to Buy from Hold with an unchanged price target of $446. The firm cites the stock’s “attractive” valuation and the company’s AI growth for the upgrade. CrowdStrike has a “leadership position in a mission critical, high growth area of cybersecurity and has multiple avenues to expand,” the analyst tells investors in a research note. HSBC believes the company offers a strong growth profile with large margin expansion potential.
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