UPDATE: Goldman Sachs Assumes CrowdStrike Holdings (CRWD) at Buy

(Updated - October 5, 2020 6:11 AM EDT)

(updating comment)

Goldman Sachs analyst Brian Essex assumes coverage on CrowdStrike Holdings (NASDAQ: CRWD) with a Buy rating and a price target of $176.00.

The analyst comments "We are expanding our Security and Analytics group and are assuming coverage of CRWD from Heather Bellini which will move the stock from the America-Software group to Security and Analytics. CRWD has established itself as a technology leader in the Endpoint Security market with a disruptive that has enabled it to penetrate core markets with a high level of efficiency. We see room for upside from here considering growing at nearly twice the rate of the company’s hypergrowth Security Software peers, a substantial rate of market share gains, best in class (and improving) unit economics, and a strategic advantage that enables CRWD to efficiently expand into attractive adjacent markets."

For an analyst ratings summary and ratings history on CrowdStrike Holdings click here. For more ratings news on CrowdStrike Holdings click here.

Shares of CrowdStrike Holdings closed at $139.87 yesterday.

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