CrowdStrike Holdings (CRWD) PT Raised to $550 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $550.00 (from $520.00) while maintaining a Overweight rating.

The analyst commented, "We maintain our Overweight rating and raise our 12-month PT to $550 from $520. This week, CrowdStrike introduced Project QuiltWorks, an industry coalition to assess, prioritize, and continuously remediate vulnerabilities being discovered by frontier AI models. Partners include Accenture, EY, IBM Cybersecurity Services, Kroll, and OpenAI, with frontier models from both OpenAI and Anthropic powering the scanning. QuiltWorks pairs CrowdStrike's AI-driven vulnerability discovery and Falcon platform intelligence with the remediation workforce of its system integrator partners. CrowdStrike delivers the offering through its Frontier AI Readiness and Resilience Service, a subscription spanning assessment of current program readiness and remediation capacity, frontier AI-powered environment scanning, adversary-informed risk prioritization led by expert red-teamers, and guided remediation. We view QuiltWorks as further validation that frontier AI models are being deployed for cyber defense at scale, and we believe the beneficiaries are platform vendors with network, endpoint, cloud, and identity visibility, as model effectiveness scales with the breadth of security data available to it and enterprises deploying these models will require an AI governance layer."

You May Also Be Interested In

• Lantronix, Inc. (LTRX) PT Raised to $11 at Canaccord
• MarketAxess (MKTX) PT Lowered to $200 at UBS Following June Metrics Release
• BMO Capital Starts Align Technology (ALGN) at Outperform