Credit Suisse analyst Brad Zelnick reiterated a Hold rating on CrowdStrike Holdings Inc (CRWD) on September 5 and set a price target of $75. The company’s shares closed last Monday at $67.10.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 15.2% and a 72.2% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Ceridian HCM Holding Inc, and Slack Technologies Inc.
Currently, the analyst consensus on CrowdStrike Holdings Inc is a Moderate Buy with an average price target of $89.19, which is a 17.2% upside from current levels. In a report issued on August 28, Summit Redstone Partners also initiated coverage with a Hold rating on the stock with a $75 price target.
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Based on CrowdStrike Holdings Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $25.98 million. In comparison, last year the company had a GAAP net loss of $32.88 million.
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CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.