Crowdstrike transferred at Buy from Hold at Stifel

Stifel upgraded Crowdstrike to Buy from Hold with a price target of $225, up from $153, as a new analyst took over coverage of the stock. While Endpoint Security is highly competitive, CrowdStrike has differentiation given its high-efficacy cloud-based endpoint technology, lightweight single-agent architecture, and “massive scale” analyzing over 1 trillion events daily, the analyst tells investors. Through internal development and targeted M&A, CrowdStrike is building out a broader cybersecurity platform across adjacent cybersecurity and IT use cases, which makes CrowdStrike “one of a handful of vendors well-positioned to capitalize on cybersecurity platform consolidation in coming years,” the analyst added.