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CrowdStrike lifted to buy as bad news is 'largely behind us' - HSBC

August 30, 2024 12:01 PM EDT

HSBC upgraded CrowdStrike Holdings Inc. (NASDAQ: CRWD) to Buy from Hold in a note Friday, citing that the worst of the company's challenges are now behind it.

The analysts raised their target price for the stock to $339 from $302, highlighting the cybersecurity firm's strong performance in its second quarter of fiscal year 2025 (2QFY25) and its resilient long-term growth... More