Microsoft (MSFT): previously impacted Microsoft 365 apps and services have recovered

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Oppenheimer Reiterates Outperform Rating on CrowdStrike Holdings (CRWD), 'Removing from Top Picks'

July 22, 2024 10:16 AM EDT

Oppenheimer analyst Ittai Kidron reiterated an Outperform rating and $450.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst ocmments "We are removing CrowdStrike from our 2024 Top Picks. While we remain positive on the long-term opportunity, we expect shares to face continued pressure near-term as the company deals with the fallout of its defective software update and... More

CrowdStrike Holdings (CRWD) PT Lowered to $380 at RBC Capital

July 22, 2024 6:26 AM EDT

RBC Capital analyst Matthew Hedberg lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $380.00 (from $420.00) while maintaining a Outperform rating.

The analyst comments "While the outage could remain a near-term overhang, we believe CrowdStrike will emerge as a... More

BTIG Downgrades CrowdStrike Holdings (CRWD) to Neutral

July 22, 2024 6:20 AM EDT

BTIG analyst Gray Powell downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Neutral.

The analyst comments "On Friday 7/19, a CRWD software update caused a major global outage impacting businesses worldwide. After speaking with five senior security executives about the incident, we are downgrading CRWD shares to Neutral. In short, the feedback from our discussions was more... More

Wolfe Research on CrowdStrike Holdings (CRWD): 'many unknowns related to the impact on the brand'

July 19, 2024 1:46 PM EDT

Wolfe Research analyst Joshua Tilton reiterated a Peerperform rating on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst comments "Our Take. While public cloud outages appear to have become a normal cost of doing business with the hyperscalers, the outage caused by the CRWD update is more severe than the cloud outages that organizations are accustomed to given that it... More

CrowdStrike Holdings (CRWD) PT Lowered to $350 at Evercore ISI

July 19, 2024 11:13 AM EDT

Evercore ISI analyst Peter Levine lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $350.00 (from $405.00) while maintaining a Outperform rating.

The analyst comments "This is an unprecedented event and not something we or anyone had in their cards. First, this... More

Citi on CrowdStrike Holdings (CRWD): 'We see risk to billings and ARR', 'Reminiscent of Too Big to Fail'

July 19, 2024 11:10 AM EDT

Citi analyst Fatima Boolani reiterated a Buy rating and $425.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst comments "We see risk to billings and ARR on the heels of CRWDs widespread outage, where the roll-out of a defective software update to... More