CrowdStrike (CRWD) Stock: $275 Price Target And Buy Rating

By Amit Chowdhry ● Apr 19, 2022
  • The shares of CrowdStrike Holdings Inc (NASDAQ: CRWD) have received a $275 price target from Jefferies. These are the details.

The shares of CrowdStrike Holdings Inc (NASDAQ: CRWD) have received a $275 price target from Jefferies. And Jefferies analyst Joseph Gallo assumed coverage of CrowdStrike with a “Buy” rating while increasing the price target from $265.

Gallo noted that cybersecurity is more important than ever and he prefers best of breed category winners since security remains a quilt of different vendors patched together as no one vendor can defend the entire enterprise. Plus Gallo pointed out that CrowdStrike is the largest beneficiary of an increased attack environment with a shortage of security personnel reducing the risk of a future material revenue deceleration.

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