Citizens Reiterates Bullish View on CrowdStrike (CRWD) With $550 Price Target

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks on Market Radar. On January 20, Citizens analyst reiterated a Market Outperform rating on the stock with a $550.00 price target.

According to the firm, CrowdStrike’s recent acquisitions in identity governance and secure browser space help the company close potential functional gaps and limit competitors’ ability to claim broader coverage, particularly Palo Alto Networks.

Security executives continue to favor larger platforms, highlighting how this sentiment works in favor of CrowdStrike. As Founder & CEO George Kurtz has noted, CrowdStrike is the “first hyperscaler of cybersecurity.”

As such, the rapid growth of artificial intelligence presents opportunities for cyber vendors to increase sales of current offerings while developing or acquiring tools tailored to AI security needs.

Based on Citizens’ Cyber 66 survey data, CrowdStrike is in a prominent position to capitalize on the AI security market.

Analysts on Wall Street have a consensus “Buy” rating on the stock. The average price target of $564 implies a 24.26% upside; the Street-high target of $706 implies a 55.55% upside.

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

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