Overview
- CrowdStrike shares set a new 52-week high, up about 3.3% to $580.95 at the time of publication.
- BTIG analyst Gray Powell raised his price target to $621 and kept a Buy rating ahead of the company’s next earnings report.
- His call cited strong feedback on Next‑Gen SIEM, a security monitoring platform, along with momentum in identity, cloud, vulnerability management and AI-driven tools.
- BTIG flagged pressure on seat counts in core endpoint security but said faster adoption of the broader platform is offsetting that weakness.
- Technical readings show the stock trading roughly 23% above its 20-day and 27% above its 200-day moving averages, which raises the risk of a pullback.