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CRWD

Crowdstrike

$55.38

0.87 (1.60%)

13:00
10/15/19
10/15
13:00
10/15/19
13:00

Crowdstrike should be bought on weakness amid correction, says Needham

Needham analyst Alex Henderson says that while the stock's correction may not be complete, he recommends buying shares of Crowdstrike "over time." The analyst reiterates a Buy rating on the name with a $92 price target. Crowdstrike's platform and efficacy are establishing one of the core platforms in security regardless of the strategy of the customer, Henderson tells investors in a research note. The analyst also sees a "surprisingly low risk environment" for CrowdStrike as "legacy players are falling away." Henderson, who calls Crowdstrike one of his favorite names, recommends investors buy the high-growth cloud security names following on weakness.

  • 12

    Dec

CRWD Crowdstrike
$55.38

0.87 (1.60%)

10/11/19
GSCO
10/11/19
DOWNGRADE
Target $66
GSCO
Sell
Crowdstrike downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Heather Bellini downgraded Crowdstrike Holdings (CCRWD) to Sell from Neutral with a price target of $66, down from $83. The shares closed Thursday down $1.67 to $61.41. While CrowdStrike is very well positioned in the market for endpoint security, and can continue to post upside to estimates, a "blue sky analysis" suggests this is likely priced in at current share levels, Bellini tells investors in a research note. The analyst this morning also upgraded Workday (WDAY) to Buy from Neutral. Her "Blue Sky analyses" show that the companies with the highest potential upside to 2020 estimates are Zoom Video (ZM), Slack Technologies (WORK), and Elastic (ESTC).
10/11/19
10/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Crowdstrike (CRWD) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini stating while CrowdStrike is very well positioned in the market for endpoint security, a "blue sky analysis" suggests this is likely priced in at current share levels. 2. Terex (TEX) downgraded to Underweight from Equal Weight at Barclays with analyst Adam Seiden expecting the rental equipment market to move from equilibrium to oversupplied by 2020. 3. Delta Air Lines (DAL) downgraded to Hold from Buy at Argus with analyst John Staszark saying that while Delta is among the best managed airlines, he thinks better returns are available elsewhere, as Delta is facing prospects for rising costs and slowing revenue growth. 4. PG&E (PCG) downgraded to Sell from Neutral at Citi with analyst Praful Mehta seeing a 75% chance of the stock going to zero after Judge Montali terminated PG&E's exclusive right to advance a plan of reorganization. 5. Canopy Growth (CGC) downgraded to Underperform from Hold at Jefferies with analyst Owen Bennett saying despite the recent selloff in shares, Canopy is the most expensive name across the cannabis space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/19
SBSH
10/14/19
INITIATION
Target $43
SBSH
Sell
Crowdstrike initiated with a Sell at Citi
Citi analyst Walter Pritchard initiated coverage of Crowdstrike with a Sell rating and $43 price target. The analyst sees identity management becoming more strategic as companies move to cloud. He believes the market is overly focused on current growth rates and not closely scrutinizing the factors that will separate long-term value.
10/14/19
SBSH
10/14/19
INITIATION
SBSH
Citi expands Software coverage with two Buys and one Sell
Citi analyst Walter Pritchard expanded his Security coverage by initiating Okta (OKTA) and Ping Identity (PING) with Buy ratings, Zscaler (ZS) with a Neutral rating, and Crowdstrike (CRWD) with a Sell rating. While Crowdstrike's recent growth has generated a lot of excitement, its market opportunity is largely pegged to the end-point security market, where peak leadership share has been around 10%, Pritchard tells investors in a research note. He believes the company's expansion into adjacencies will be challenging "as they are crowded already." The analyst sees potential for Ping Identity's growth to accelerate and believes Okta's "aggressive" product roadmap should enable the company to capitalize on an underestimated total addressable market. On Zscaler, the analyst sees a "still lofty multiple" and balanced risk/reward profile.

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ATNX

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ACB

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BDSI

BioDelivery Sciences

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CNC

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PLAN

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WPX

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HZNP

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AMRN

Amarin

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THMO

ThermoGenesis

$2.88

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:30
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  • 28

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QTNT

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ARWR

Arrowhead

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

, SWN

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$2.00

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Hot Stocks
Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

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UNT

Unit Corp.

$0.83

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  • 23

    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

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  • 28

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LOPE

Grand Canyon

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-0.86 (-0.95%)

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LOPE

Grand Canyon

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$129.43

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

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