Truist Securities Reiterates Buy Rating on CrowdStrike Holdings (CRWD)
Truist Securities analyst Joel P. Fishbein Jr reiterated a Buy rating and $325.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "CRWD provided additional detail at Fal.Con regarding its TAM evolution, new solutions and product features, as well as LT op. assumptions. We continue to be impressed with CRWD's pace of innovation and believe it is set up well to benefit from continued tailwinds of digital transformation, increasing cloud adoption, and a heightened threat environment. We came away incrementally more positive from the user conference speaking with numerous customers as we view the churn from the July 19th outage to be minimal. However, we do take our estimates lower to reflect potential incentives for customers. We reiterate our Buy rating and $325 PT."
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Shares of CrowdStrike Holdings closed at $267.12 yesterday.