BUZZ-Berenberg upgrades CrowdStrike to 'buy' after SGNL acquistion; shares up
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Berenberg has upgraded CrowdStriketo 'buy' from 'hold' following its acquisition of identity security startup SGNL for $740 million. This move aims to enhance CrowdStrike's defenses against AI-driven cyber threats. As a result, CrowdStrike's shares rose 1.21% to $469.50 in premarket trading. Currently, 35 out of 54 brokerages rate the stock as 'buy' or higher, with a median price target of $567. Over the past year, the stock has increased by 29.31%.
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