CrowdStrike (CRWD) has the potential to capture the emerging AI security opportunity, which remains a very early market with significant runway, Truist said in a Friday research report.

Crowdstrike's Flex subscription model could accelerate the adoption of its security offerings as awareness improves, while its Falcon next-gen security information and event management platform broadens the company's footprint alongside incumbent platforms, analysts wrote.

Falcon Guardian and AI detection and response offerings present a sizable white-space opportunity, with awareness and budget formation still needing to develop, according to the note.

The brokerage said it reiterated its buy rating on the stock and price target of $300 per share.

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