Jefferies raises its CrowdStrike target from $52 to $55 after yesterday’s upside earnings report.
The firm notes that CRWD “easily exceeded F4Q estimates and impressively offered guidance for F1Q and FY21 significantly above the Street while maintaining its path to profitability.”
Jefferies says the strong guidance indicates CrowdStrike expects little impact from the coronavirus pandemic.
CrowdStrike shares are up 19.4% pre-market to $49.85.
3 Likes
Crowdstrike and SentinelOne will continue to gain market share for years to come.
However endpoint protection space is very competitive and prone to disruption so the competitive space should be monitored continuously for possible new entrants and disruptors.
A couple more price raises so far other than just Jefferies. It was a phenomenal quarter.
- Crowdstrike Holdings Inc : D.A. Davidson raises target price to $60 from $45
- Crowdstrike Holdings Inc : Jefferies raises target price to $55 from $52
- Crowdstrike Holdings Inc : RBC raises target price to $73 from $67
Eric
7 Likes