Why CrowdStrike Holdings Stock Crushed it on Friday
An analyst raised his price target on the cybersecurity company by 24%.
Overview
A substantial price target raise gave plenty of lift to CrowdStrike Holdings (NASDAQ:CRWD) on Friday. Encouraged by that move, investors piled into the cybersecurity stock, sending it to a nearly 5% gain on a day when the S&P 500 index bumped 0.6% higher.
The pundit behind the hike was Needham's Mike Cikos, who lifted his CrowdStrike fair value assessment to $310 per share from $250. He maintained his buy recommendation on the mainstay of the cybersecurity sector.
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Originally published at www.fool.com.
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