CrowdStrike rises as Goldman upgrades on growth rate, share gains
Oct. 5, 2020 8:26 AM ET|About: CrowdStrike Holdings, Inc. (CRWD)|By: Brandy Betz, SA News Editor
Calling CrowdStrike (NASDAQ:CRWD) “the fastest growth company” within its security software coverage “by a substantial margin,” Goldman Sachs upgrades the company from Neutral to Buy.
Analyst Brian Essex, assuming CRWD coverage from Heather Bellini, sees upside potential with revenue “growing at nearly twice the rate of the company’s hypergrowth Security Software peers.”
Essex also notes CrowdStrike’s “substantial rate of market share gains” in core markets.
Goldman raises its CRWD price target from $122 to $176.
CRWD shares are up 1.9% to $142.56.
Long CRWD 10.4%