CrowdStrike a crowd pleaser on upbeat security opportunities
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CrowdsStrike Holdings (NASDAQ:CRWD) shares rose more than 2% in pre-market trading Wednesday as BMO Capital Markets analyst Keith Bachman started coverage of the cloud-based security software company with an upbeat rating of outperform.
Bachman cited CrowdStrike's (CRWD) endpoint security offerings and an expanding platform of services as examples of how the company should compete better against Microsoft (MSFT) and other rivals. "We think the endpoint [security] market will continue to evolve, and thus enable CrowdStrike to continue to differentiate its capabilities," Bachman said.

Additionally, Bachman said that CrowdStrike (CRWD) should "expand its portfolio" and use its endpoint services to become of the leading network security providers.
Bachman also set a $120-a-share price target on CrowdStrike's (CRWD) stock.
Wall Street analysts currently have a consensus rating of strong buy on CrowdStrike's (CRWD) stock, while Seeking Alpha authors give the shares a buy rating. Seeking Alpha's Quant System, which historically outperforms the stock market, gives CrowdStrike (CRWD) a more-modest rating of hold.