CrowdStrike Holdings Inc (CRWD) Received its Third Buy in a Row

After FBN Securities and JMP Securities gave CrowdStrike Holdings Inc (NASDAQ: CRWD) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Tal Liani reiterated a Buy rating on CrowdStrike Holdings Inc today and set a price target of $89. The company’s shares opened today at $85.16, close to its 52-week high of $85.85.

According to, Liani is a 3-star analyst with an average return of 2.4% and a 52.2% success rate. Liani covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson Class B, Acacia Communications, and Cisco Systems Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CrowdStrike Holdings Inc with a $85.31 average price target, representing a 0.2% upside. In a report issued on July 8, JMP Securities also initiated coverage with a Buy rating on the stock with a $80 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 $33.62 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.