TECH - Goldman Sachs Analyst Stays Course On CrowdStrike Despite Outage Expects Strong Company Reputation To Aid Recovery | Benzinga
CrowdStrike Holdings, Inc (NASDAQ:CRWD) shares are trading lower Friday after a significant outage that affected businesses worldwide following an update on its cloud software.
On Thursday night, a failed update of CrowdStrike’s Falcon platform caused widespread disruptions in Microsoft Corp (NASDAQ:MSFT) systems, halting critical global services such as airports, ports, financial institutions, and hospitals.
Goldman Sachs analyst Gabriela Borges maintained a Buy rating on CrowdStrike with a price target of $400.
George Kurtz, CEO of CrowdStrike, informed via X that the outage had been resolved. CrowdStrike clarified that the disruption was not a security incident or a cyberattack.
Based on Borges’ estimates, CrowdStrike has a ...