From Barchart:

1. Shares of cybersecurity company CrowdStrike (NASDAQ:CRWD) surged 5.4% after an upgrade and price target raise by Morgan Stanley analyst Hamza Fodderwala due to improving demand outlook and accelerating cyberattacks. The new price target of $304 implies a potential 10% upside.

2. The market showed today’s move as meaningful but not fundamentally changing its perception of CrowdStrike’s business. The company had a strong quarter, but observed increased deal scrutiny and longer sales cycles. The stock is up 11.6% YTD.

3. Investors who bought $1,000 worth of CrowdStrike’s IPO shares would now have an investment worth $4,751. CrowdStrike’s shares are highly volatile, with 13 moves greater than 5% in the past year.



Read more: Why CrowdStrike (CRWD) Stock Is Up Today