Shares of CrowdStrike climbed on Thursday , following a rating upgrade from SunTrust Robinson Humphrey which cited "fastest growth rate at scale" of all the companies it covers.
SunTrust analyst Joel Fishbein increased his rating on the cybersecurity company’s stock to buy from hold. Fishbein kept the price target at $80, which reprsents around 40% upside potential from Wednesday's closing price of $56.63.
In his note to clients, Fishbein emphasized on Crowdstrike’s delivery of “differentiated intelligent agent technology”, Threat Graph database using sophisticated models and behavior analytics and an expansive set of cloud modules that pertains to a wide variety of security use cases.