My Portfolio
My Watchlists
Profile & Performance
Smart Portfolio
Find & Follow Experts
Top Lists
Top Experts
Make Better, Data Driven Investment Decisions
TipRanks tools are all you need to make data-driven investment decisions, conduct comprehensive stock research, find new investment ideas, analyze your portfolio, and follow the best-performing Wall Street experts.
About Us
Plans & Pricing
Welcome

CrowdStrike Looks to Secure More Than Just Endpoints

The shift toward cloud computing has helped enterprises of all sizes thrive, particularly over the last year and a half. With all of this data flowing around, endpoint security was necessary to protect clients and companies. CrowdStrike Holdings, Inc. (CRWD) has benefitted generously from this trend, and is now expanding its business to become even more integral than before. (See Insiders’ Hot Stocks on TipRanks)

Spelling out his bullish thesis on the upcoming advancements is Brent Thill of Jefferies Group, who wrote that CRWD recently unveiled products which will allow the company to better integrate horizontally. Moreover, the new innovations will expand the company’s business beyond just endpoint protection, with it moving into the infrastructure services space.  

Thill rated the stock a Buy, and maintained his price target of $335. This target represents a possible 12-month upside of 23.87%.  

Writing that “CRWD provides state-of-the-art, next-generation endpoint technology, with a foundation in its distinct graph database and lightweight agent which leverages artificial intelligence & machine learning,” Thill’s stance is clear. He sees the company heading toward an advantageous position with customers, one in which it will be fully indispensable.  

CrowdStrike’s log management company Humio can enable an entry into the data warehousing industry, which has the potential to be a “game-changer.” As far as competition is concerned, Thill doesn’t believe that CRWD will have to fight for market share, and that the industry has enough room for several successful companies.   

Humio is being marketed aggressively by CrowdStrike, and Thill expects robust sales as the product’s quality increases.  

On TipRanks, CRWD has an analyst consensus rating of Strong Buy, based on 17 Buy and 2 Hold ratings. The average CrowdStrike price target is $315.68, indicating a potential 12-month upside of 16.73%. CRWD closed trading on Wednesday at a price of $270.44 per share.  

Disclosure: At the time of publication, Brock Ladenheim did not have a position in any of the securities mentioned in this article 

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of Tipranks or its affiliates, and should be considered for informational purposes only. Tipranks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. Tipranks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by Tipranks or its affiliates. Past performance is not indicative of future results, prices or performance.