Shares of FireEye Inc. /zigman2/quotes/204730283/composite FEYE +4.48% shot up 3.1% toward an 11-month high in premarket trading Tuesday, after SunTrust Robinson Humphrey analyst Joel Fishbein turned bullish on the cybersecurity company, citing potential benefits of increasing U.S.-Middle East tensions and the potential sale of the company. Fishbein raised his rating to buy from hold and boosted his stock price target by 47%, to $22 from $15. "In light of recent events in Iran and Iraq, government and private sector spending on cybersecurity is likely to grow in both fiscal 2020 and 2021," Fishbein wrote in a note to clients. And after a media report that FireEye had hired an investment bank to potentially sell the company, and in light of the current merger and acquisition environment in the security space, "we view the potential for FireEye to be acquired as a potential call option." The stock, which has rallied 6.4% over the past three sessions, has hiked up 26.9% over the past three months through Monday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has gained 10.5%.