CrowdStrike (CRWD) Can Benefit from Platform/Consolidation - Citizens

Citizens analyst Trevor Walsh reiterated a Market Outperform rating and $550.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst commented, "we continue to like the name for the following reasons: 1) a strong leadership team that demonstrated commendable accountability, transparency, and urgency in the face of an unprecedented challenge; 2) continuing durable growth for Falcon Cloud Security, Falcon Identity Protection, and Next-Gen SIEM; 3) continued macroeconomic uncertainty leading to genuine platform/consolidation discussions that bode well for CrowdStrike, in our opinion, which boasts a vast product portfolio that we view as still underpenetrated; and 4) its rapid pace of innovation to AI opportunities, namely via its digital security analyst offering, Charlotte AI, and by securing AI-related workloads."

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 $516.55 yesterday.

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