BTIG Sees Strategic Value in CrowdStrike’s (CRWD) SGNL, Seraphic Acquisitions

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the Trending AI Stocks on Wall Street. On January 13, BTIG analyst Gray Powell reiterated a Buy rating on the stock with a $640.00 price target. Firm analysts believe Crowdstrike’s recently announced acquisitions, SGNL & Seraphic, make strategic sense.

BTIG highlighted how Crowdstrike’s acquisitions directly target the identity market and protect AI workloads. Its acquisition of SGNL, which provides identity security and verification to permit access to systems and data in real time, is for $740 million. Meanwhile, the company didn’t disclose terms for its other acquisition, Seraphic Security. Both transactions are anticipated to close in FQ1’27.

According to Powell, both of these deals mark Crowdstrike’s bigger push into the broader identity market as enterprises increasingly begin to prioritize identity protection amid rising AI adoption. CRWD is able to see this trend very clearly.

As a result, the company has been expanding its identity capabilities, including ITDR and Just In Time credentials, into a comprehensive platform. Discussions with Investor Relations further reveals how the company’s near-term focus is on capturing incremental security budgets in the PAM market, especially as enterprises seek new tools to protect AI workloads.

“Longer term, CRWD has its sights across the identity market and sees potential to become a player in the IGA market. In our opinion, this will take longer to play out – potentially a couple of years. In this note, we highlight our insights on recent transactions and thoughts on CRWD’s broader platform strategy. Reiterate Buy.”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.

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