Berenberg Starts CrowdStrike Holdings (CRWD) at Buy

April 20, 2021 6:19 AM EDT
Get Alerts CRWD Hot Sheet
Price: $261.75 -0.21%

Rating Summary:
    23 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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Berenberg analyst Joshua Tilton initiates coverage on CrowdStrike Holdings (NASDAQ: CRWD) with a Buy rating and a price target of $260.00.

The analyst comments "CrowdStrike is a security software vendor specialising in the prevention and detection of malware on desktops, laptops, and servers. CrowdStrike has pioneered the “as-a-service” cloud end-point security market, a competitive differentiator as customers can outsource a security outcome to CrowdStrike versus managing a solution themselves. The accelerating shift to Zero Trust architecture from perimeter-based defence strategies will enable CrowdStrike to continue to take share in the end-point market. Our primary research indicates that the company’s technology is superior to that of its peers. CrowdStrike’s market share increased from 1% in 2016 to 6% in 2019. With 69% of the market in 2019 still controlled by legacy vendors and Microsoft, we believe a meaningful opportunity remains."

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 $213.37 yesterday.

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