CrowdStrike shares extend declines amid analyst downgrades and estimate cuts
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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
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
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
July 22, 2024 3:43 AM EDT
Guggenheim analyst John DiFucci downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Neutral.
The analyst comments: "We are downgrading CRWD to Neutral from Buy due to likely resistance to new deals in the near-term as a result of anticipated fallout from the apparent quality... More
