Piper Sandler analyst Rob Owens upgraded CrowdStrike (CRWD) to Overweight from Neutral with an unchanged price target of $520. The stock is down 21% year-to-date on AI concerns that have “subsumed the narrative in security,” the analyst tells investors in a research note. Piper views the selloff as “well overdone,” saying CrowdStrike has a “best-in-class” security platform with a track record of innovation and execution. The company’s opportunity and ability to execute warrant a premium valuation, contends the firm.
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