According to Securities Times Online, JPMorgan Chase has raised its target stock price for CrowdStrike from $372 to $418 and maintained an "increase in holdings" rating. CrowdStrike primarily provides cloud based endpoint protection platforms, with revenue mainly coming from subscription sales (93.9%) and professional service sales (6.1%), with the highest market share in the United States (68.4%).
FactSet survey shows that analysts have an average rating of "overweight" for CrowdStrike, with an average target price of $380.15. This reflects the market's optimistic expectations for CrowdStrike's future performance. In addition to JPMorgan Chase, several other investment banks have also made rating adjustments to CrowdStrike. Mizuho Securities has raised its target stock price from $375 to $385, maintaining its "outperform the market" rating. Daiwa Securities raised its target share price from $315 to $388.