Seeking Alpha

CrowdStrike +4.5% as SunTrust turns bullish

|About: CrowdStrike Holdings, Inc. (CRWD)|By:, SA News Editor

CrowdStrike (NASDAQ:CRWD) is upgraded from Hold to Buy at SunTrust with the price target maintained at $80.

Analyst Joel Fishbein Jr. cites CRWD showing the "fastest growth rate at scale of any company under our coverage."

Fishbein highlights the 94% Y/Y revenue growth with subscription revenue up 98%. The analyst expects sales to continue to rise 40%+.

CRWD shares are up 4.5% pre-market to $59.19. The company has an Outperform average Sell Side rating.

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