Mizuho upgrades CrowdStrike on ‘numerous exciting growth avenues’

Mizuho upgraded CrowdStrike (CRWD) to Outperform from Neutral with a price target of $520, up from $490. The analyst has grown more constructive on CrowdStrike’s fundamentals in recent months. Channel checks have become more favorable and indicate “very healthy” demand across CrowdStrike’s platform, the analyst tells investors in a research note. Mizuho expects the company to capitalize on AI security and believes CrowdStrike has arguably the strongest set of offerings in the space. The company has “numerous exciting growth avenues,” contends the firm.