Truist: Generative AI will bring opportunities in the fields of infrastructure and network security, raising the target price for CrowdStrike (CRWD.US).
Before several infrastructure and security software companies announced their quarterly results, Truist Securities adjusted its target price.
Before several infrastructure and cybersecurity companies announced their quarterly results, Truist Securities adjusted their target prices.
Lead analyst Joel Fishbein Jr. stated that they believe buyer behavior has stabilized in the infrastructure and cybersecurity sectors since last year. They are focused on visibility for the year 2025, predicting that this is when generative artificial intelligence projects will face a "litmus test".
With the rise in valuations since the U.S. presidential election, analysts anticipate high costs for execution errors in the coming weeks. Therefore, high-quality stocks will be favored, including Snowflake (SNOW.US) and Zscaler (ZS.US), both of which received a "buy" rating from the firm.
In general, the Truist rating adjustments are as follows:
CrowdStrike (CRWD.US): "Buy" rating, target price adjusted from $325 to $375.
Palo Alto Networks (PANW.US): "Buy" rating, target price adjusted from $400 to $425.
Rubrik (RBRK.US): "Buy" rating, target price adjusted from $43 to $50.
Samsara (IOT.US): Target price adjusted from $40 to $50, reaffirming a "hold" rating.
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