Citigroup Maintains Buy Rating for CrowdStrike Holdings: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of CrowdStrike Holdings CRWD and raise its price target from $320.00 to $425.00.

Shares of CrowdStrike Holdings are trading up 0.13% over the last 24 hours, at $330.00 per share.

A move to $425.00 would account for a 28.79% increase from the current share price.

About CrowdStrike Holdings

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.