On September 23, CrowdStrike Holdings, Inc. rose 3.07% in regular trading, reaching $257.89/share with turnover of $804 million, marking a new all-time high.

The rally was driven by a wave of price target upgrades from major Wall Street firms. Bank of America Securities raised its target from $230 to $260, Stephens lifted its target from $260 to $280 while maintaining an Overweight rating, and Morgan Stanley increased its target from $238 to $254 with a maintained Buy rating. The consensus mean price target among analysts polled by FactSet rose to approximately $239.46, with an average Overweight rating.

On the macro front, JPMorgan highlighted that AI is transforming cybersecurity from discretionary IT spending into a mandatory budget item, estimating the three-year incremental AI-driven security total addressable market could exceed $430 billion. Sector peer Palo Alto Networks also gained 3.09% in the session, reflecting broad strength in cybersecurity names.

Despite CEO George Kurtz selling approximately 84,515 shares for roughly $20.3 million and President Michael Sentonas disposing of 49,863 shares for tax withholding obligations, the collective bullish stance from investment banks and the strengthening AI security thesis offset insider selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)