Analyst Rating Coverage
CrowdStrike Holdings, Inc. is a leading provider of cloud-delivered endpoint and workload protection. The company has experienced significant growth over the past year, as the shift towards remote work and cloud-based services has accelerated demand for its products. As a result, STA Research has reiterated coverage on CrowdStrike with a Buy rating and a 12-month target price of $150 per share.
STA Research (RANK#148) believes that CrowdStrike’s leadership position in the endpoint security market, coupled with its innovative technology and strong financial position, make it a compelling investment opportunity. The company’s cloud-based platform, Falcon, is highly scalable and offers superior protection against advanced threats, which is critical in today’s ever-evolving threat landscape.
In addition, CrowdStrike has a proven track record of growth, with revenues increasing by over 80% year-over-year in its most quarters. The company also has a solid balance sheet, with $2.47 billion in cash and short-term investments as of October 2022.
STA Research’s 12-month target price of $150 per share is based on the company’s strong growth potential and market leadership. The target price represents a premium of over 20% from the current market price, indicating the potential for significant upside for investors.
Furthermore, CrowdStrike has a number of catalysts that could drive continued growth, including the expansion of its product offerings, increased adoption of cloud-based security solutions, and the ongoing shift towards remote work. As the threat landscape continues to evolve, the need for advanced endpoint security solutions is only expected to grow, providing a favorable market environment for CrowdStrike.
STA Research’s Buy rating and $150 target price on CrowdStrike reflect the company’s strong growth potential, leadership position in the endpoint security market, and solid financial position. With the ongoing shift towards remote work and cloud-based services, the company is well-positioned to benefit from increasing demand for advanced security solutions, making it a compelling investment opportunity for investors looking to gain exposure to the rapidly growing cybersecurity market.