CrowdStrike upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Meta Marshall upgraded CrowdStrike (CRWD) to Overweight from Equal Weight with a price target of $510, up from $487. The firm believes CrowdStrike is best positioned in security to outperform in coming years, saying the platform is “most able to gain share.” CrowdStrike has AI tailwinds in its next generation Security Operations Center business and opportunities to expand share in endpoint, the analyst tells investors in a research note. The recent pullback in the shares creates an opportunity, contends Morgan Stanley. The firm moved CrowdStrike to “Top Pick” despite seeing more upside in the short term for other names.