BofA Securities Downgrades CrowdStrike Holdings (CRWD) to Neutral. 'we favor CrowdStrike’s fundamentals and growth prospects'

BofA Securities analyst Tal Liani downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Neutral with a price target of $470.00 (from $420.00).

The analyst comments "We favor CrowdStrike’s fundamentals and growth prospects, but believe the valuation leaves only limited upside from the current level of 20x CY26E EV/Sales. Growth has decelerated to below 20% in 1H26, and while we expect acceleration to about 22% in 2H on the back of CCP related renewals, we believe growth will decelerate in the next few years, hence our growing focus on valuation. We downgrade to Neutral from Buy, but adjust our PO from $420 to $470, to reflect recent sector multiple expansion. At the AH closing price of $457, our revised PO implies 3% upside potential."

For an analyst ratings summary and ratings history on CrowdStrike Holdings click here. For more ratings news on CrowdStrike Holdings click here.

Shares of CrowdStrike Holdings closed at $488.76 yesterday.

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