What's Going On With CrowdStrike Stock Thursday?

CrowdStrike Holdings Inc CRWD shares are trading higher Thursday after multiple analysts raised price targets on the stock.

• Barclays analyst Saket Kalia maintained CrowdStrike with an Overweight and raised the price target from $186 to $200.
• Needham analyst Alex Henderson maintained CrowdStrike with a Buy and raised the price target from $200 to $215.
• Rosenblatt analyst Catharine Trebnick maintained CrowdStrike with a Buy and raised the price target from $190 to $200.

The price target increases come after CrowdStrike made several announcements at Fal.Con 2023 this week including a new partner program called Accelerate, CrowdStrike Marketplace, the next generation of Falcon with generative AI capabilities, new innovations for data protection and exposure management and a no-code application development platform. 

CrowdStrike also announced that it has agreed to acquire Bionic, which focuses on application security posture management.

"We are delivering what customers need: modern protection to address cloud security risk comprehensively, through one unified platform," said George Kurtz, co-founder and CEO of CrowdStrike.

CRWD Price Action: CrowdStrike shares were up 2.03% at $167.48 at the time of publication, according to Benzinga Pro.

Photo: methodshop from Pixabay.