CrowdStrike initiated with an Overweight at Stephens

Stephens initiated coverage of CrowdStrike (CRWD) with an Overweight rating and $450 price target CrowdStrike has evolved into one of the largest cybersecurity platform providers, notes the analyst, who believes that “scale matters in general and in cyber specifically.” CrowdStrike’s scale provides it with a competitive advantage and the firm believes the company is well-positioned to benefit from an on-going shift by customers to strategic cyber platform providers, the analyst tells investors.