UPDATE: Stifel Assumes CrowdStrike Holdings (CRWD) at Hold

February 17, 2021 4:16 PM EST
Get Alerts CRWD Hot Sheet
Price: $202.68 -0.38%

Rating Summary:
    19 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - February 17, 2021 4:19 PM EST)

Stifel analyst Brad Reback assumes coverage on CrowdStrike Holdings (NASDAQ: CRWD) with a Hold rating and a price target of $240.00.

The analyst comments "While the durability of CrowdStrike’s growth strategy has been on display since the company’s June '19 IPO, we believe the company remains in the relative infancy of its opportunity to leverage the competitive superiority of the Falcon Platform. This market leadership should drive continued share growth within its core endpoint security market and sustained growth in incremental module adoption as CrowdStrike's Falcon Agent is increasingly leveraged as a vehicle of workload security (i.e., the nature of CrowdStrike deployments evolving from endpoint-centric to workload-centric). Given the scalability of the company's Threat Graph cloud database, which collects >4 trillion unique security events per week, we believe the company's competitive moat should grow increasingly defined over time, underpinning the competitive differentiation that we expect to drive 30%+ y/y ARR growth over the next several years."

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 $242.42 yesterday.


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