Crowdstrike initiated with a Buy at Rosenblatt

Rosenblatt analyst Catharine Trebnick initiated coverage of Crowdstrike with a Buy rating and $170 price target. The firm sees Crowdstrike having a "differentiated cloud-security platform" and it notes that high growth rates have delivered operating margin leverage and free cash flow margins. CrowdStrike can continue generating strong free cash flow growth at scale, the firm contends.