Shares of cyber-security solutions provider CrowdStrike (CRWD) were rising in trading after the company was the subject of initiations at several research firms on Monday.
Of the eight research firms with notes released Monday, five had a buy equivalent rating, while the other three had neutral equivalent ratings on the stock.
The buys came from:
- Piper Jaffray, which has a $75 price target
- Stifel, which has an $80 price target
- JPMorgan, which has a $100 price target
- Barclays, which has an $80 price target
- JMP, which has an $80 price target
The firms with a neutral rating included:
- Jefferies, which has a $71 price target
- RBC, which has a $70 price target
- Goldman Sachs, which has a Wall Street-low $66 price target
Analysts at Stifel said they see CrowdStrike as a rapidly expanding disrupter that is at the forefront of cybersecurity.
"We believe that CrowdStrike has been at the forefront of two major trends that are taking place in real time within the endpoint market: first, we believe that it has pioneered the resurgence of the EDR (endpoint detection and response) solution as a tool best used for proactive security, not just reactive incident response engagements. Second, through its unique architecture, CrowdStrike has also provided enterprises with the ability to consolidate multiple historically disparate endpoint functions around a single platform vendor," Stifel analyst Gur Talpaz wrote.
CrowdStrike shares were rising 4.15% in trading to $70.