Deutsche Bank upgrades CrowdStrike to Buy, sees AI-driven cybersecurity surge

Deutsche Bank analyst Brad Zelnick upgraded CrowdStrike to Buy from Hold, raising the price target to $300 from $240. He expects AI to drive a 'tsunami of cyber demand' and sees CrowdStrike's addressable market as potentially larger than its $565 billion projection. The stock dipped 0.3% on Monday after a 4.1% drop on Friday, but is up nearly 110% year-to-date.