"Morgan Stanley's designation carries weight because it came after meetings with company leadership and attendance at the RSA Conference 2026. The firm highlighted CrowdStrike's positioning to benefit from growing enterprise demand for AI security tools."
"The fear, while understandable, may have been overblown. MarketWatch noted at the time that AI typically increases cybersecurity demand by changing the nature of threats rather than eliminating the need for dedicated security platforms."
CrowdStrike shares rose 4% to around $383 after opening at $369.58, reversing a previous selloff. Analyst upgrades from Morgan Stanley and Wolfe Research contributed to this rebound. Morgan Stanley included CrowdStrike in its top five cybersecurity picks, while Wolfe Research upgraded the stock to Outperform with a $450 price target. Despite being down 18% year to date, the market appears to be reassessing fears that AI could diminish the need for traditional security platforms, as AI often increases cybersecurity demand by altering threat dynamics.
Read at 24/7 Wall St.
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