Crowdstrike initiated with an Overweight at JPMorgan

JPMorgan analyst Brian Essex initiated coverage of Crowdstrike with an Overweight rating and $125 price target. CrowdStrike has established itself as a technology leader in the endpoint and workload security market with a "disruptive platform" that has enabled it to penetrate core and adjacent markets with a high level of efficiency, the analyst tells investors in a research note. The firm says the company remains one of the fastest growing companies within the software universe with some of the best unit economics.