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CrowdStrike stock is no longer a Top Pick at JPMorgan after a recent IT outage
July 29, 2024 10:28 AM EDTJPMorgan analysts have removed CrowdStrike Holdings Inc. (NASDAQ: CRWD) from their Analyst Focus List following a recent IT outage caused by a Falcon content update file.
Despite maintaining an Overweight rating, the analysts have adjusted their price target for CrowdStrike to $330 from the previous $400, reflecting anticipated headwinds in the near term.
The IT outage, which occurred on July 19th, initially damaged CrowdStrikes reputation. However, JPMorgan analysts noted... More
BMO Capital Reiterates Outperform Rating on CrowdStrike Holdings (CRWD)
July 26, 2024 5:46 AM EDTBMO Capital analyst Keith Bachman reiterated an Outperform rating and $410.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "While we are still in the process of assessing the financial impact of CRWDs outage, including the depth (how bad can... More
