Citigroup Maintains Buy Rating for CrowdStrike Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has reaffirmed its Buy rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased its price target from $320.00 to $425.00. CrowdStrike's shares have seen a slight increase of 0.13% in the last 24 hours, trading at $330.00. The new price target suggests a potential upside of 28.79%. CrowdStrike, a cloud-based cybersecurity firm, offers the Falcon platform for enterprise security. The company, founded in 2011 and public since 2019, focuses on endpoint, cloud workload, identity, and security operations.
March 07, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup has maintained its Buy rating on CrowdStrike Holdings and raised its price target from $320.00 to $425.00, indicating a potential upside of 28.79% from the current price.
The reaffirmation of the Buy rating and the significant increase in the price target by Citigroup are strong indicators of CrowdStrike's robust position in the cybersecurity market. Given the company's innovative Falcon platform and its specialization in crucial security verticals, this positive outlook from a major financial institution could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100