CrowdStrike Is This Analyst's 'Top Pick For 2024' In Cybersecurity, Plus 4 Tailwinds
Portfolio Pulse from Priya Nigam
CrowdStrike Holdings Inc (NASDAQ:CRWD) is named as the 'Top Pick For 2024' in cybersecurity by Oppenheimer analyst Ittai Kidron, who maintains an Outperform rating and raises the price target from $240 to $300. The company benefits from high cybersecurity spending, attractive cross-sell opportunities with Falcon Data Protection, ARR/NRR expansion, and leveraging partnerships. Despite a strong performance in 2023, further upside is expected in fiscal 2025.
January 05, 2024 | 3:41 pm
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CrowdStrike Holdings Inc is favored by Oppenheimer analyst Ittai Kidron as the 'Top Pick For 2024' in cybersecurity, with a raised price target from $240 to $300, indicating confidence in the company's growth and market position.
The positive outlook from the analyst, along with the raised price target, suggests a strong belief in CrowdStrike's future performance. The identification of multiple tailwinds and the company's solid quarterly results in 2023 support the potential for stock price appreciation. The short-term impact is likely to be positive as the market reacts to the analyst's endorsement and higher price target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100