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CrowdStrike Returns Could Lag Others, Despite ‘Multitude Of Opportunities,’ Analyst Says: ‘

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Shares of CrowdStrike Holdings Inc (NASDAQ:CRWD) tanked in early trading on Tuesday.

While the company’s underlying momentum and competitive positioning remain the same, its stock has “risen to the highest revenue multiple of any public software company above $75B in market cap,” according to Piper Sandler.

The CrowdStrike Analyst: Rob Owens downgraded the rating for CrowdStrike from Overweight to Neutral, while keeping the price target unchanged at $400.

The CrowdStrike Thesis: The company has reached annual recurring revenues (ARR) of $3.6 billion and an estimated total revenue north of $4 billion for fiscal 2025, limiting upside, Owens said …

Full story available on Benzinga.com

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