Crowdstrike named 2024 Top Pick at Argus

Argus keeps a Buy rating and $315 price target on Crowdstrike while naming the stock as one of the firm’s 2024 Top Picks. The company has an opportunity to expand its business to the nearly 50% of companies that have not yet upgraded from traditional antivirus software and to take advantage of the secular growth in cloud workloads, the analyst tells investors in a research note.