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Why CrowdStrike Stock Popped on Monday

TheMotleyFool

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Why CrowdStrike Stock Popped on MondayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of CrowdStrike (NASDAQ: CRWD) were trading higher on Monday. The cloud-based cybersecurity specialist jumped as much as 5.1% in early trading. By the time the market closed, the shares were still up 2.9% compared to Friday's close.

CrowdStrike was on the receiving end of an analyst upgrade, helping fuel the stock's advance.

Investment bank Morgan Stanley raised its price target on CrowdStrike to $150, up from $135. This represents potential gains for investors of 28% compared to its closing price on Friday. At the same time, the team maintained its overweight (buy) rating on the stock.

Source Fool.com

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