A major Canadian financial institution just raised its price target on the cybersecurity giant's shares. Analysts now see the stock climbing to $613, up from their previous $600 forecast.

CrowdStrike has been catching attention from institutional players lately. The upward revision suggests growing confidence in the company's business fundamentals and market position.

For those tracking tech stocks in the security space, this kind of target adjustment often signals shifting sentiment among the traditional finance crowd. Whether it's driven by recent earnings beats, new contract wins, or broader sector momentum remains to be seen.

The $13 bump might seem modest in percentage terms, but it reflects continued bullish positioning on a name that's already had a solid run. Worth keeping an eye on how other research desks respond in the coming weeks.