Redburn-Atlantic Downgrades Palo Alto Networks (PANW) to Neutral

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Go back to Redburn-Atlantic Downgrades Palo Alto Networks (PANW) to Neutral

CrowdStrike (CRWD), Palo Alto (PANW) downgraded at Redburn

July 18, 2024 12:59 PM EDT

Redburn Atlantic analysts downgraded CrowdStrike Holdings Inc. (NASDAQ: CRWD) and Palo Alto Networks (NASDAQ: PANW) in a note Thursday, citing valuation concerns and market dynamics.

CrowdStrike was downgraded to Sell from Neutral with a target price of $275, down from $380.

Redburn highlights that while CrowdStrike's products are of high quality, the company faces challenges in penetrating the large enterprise... More