CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock is trading higher on Monday even as the broader market is falling. The move comes after a bullish analyst raised his forecast for the cybersecurity firm.Analyst Raises ForecastKeybanc analyst Eric Heath raised the price forecast from $525 to $700, while maintaining an Overweight rating.The analyst said that the results were solid and broadly stable quarter over quarter. Heath sees CrowdStrike well-positioned for upside this quarter, supported by demand for Mythos and the Frontier AI Readiness service.This, along with strength in key focus areas such as continuous threat exposure management (CTEM), vulnerability management, patching, cloud security, and services, acts as a tailwind.The analyst writes that additional tailwinds include the Flex consumption model and strong momentum, with management highlighting "unbelievable demand" following the Project Quiltworks announcement.Recent Analyst ActionsThe stock carries a Buy rating with an average price target of $509.82. Recent analyst moves include:
Keybanc: Overweight (Raises Target to $700.00) (May 18)
BTIG: Buy (Raises Target to $621.00) (May 14)
Wells Fargo: Overweight (Raises Target to $525.00) (May 5)
