As previously reported, BMO Capital analyst Keith Bachman initiated coverage of Crowdstrike (CRWD) with an Outperform rating and $120 price target, citing his belief that CrowdStrike offers "best-in-class endpoint security capabilities" and an expanding platform that will help it compete against Microsoft (MSFT) and others. He also thinks CrowdStrike will benefit from consolidation, particularly as organizations adopt XDR, Bachman added.
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