Canaccord analyst Kingsley Crane downgraded CrowdStrike (CRWD) to Hold from Buy with a price target of $475, up from $420. The company reported solid Q1 results but on the profitability side, margins came in below the prior-year comp, the analyst tells investors in a research note. While encouraged by some early expansionary proof points within the Flex customer base and viewing CrowdStrike’s business operations since the July 19 incident “as nothing short of remarkable,” Canaccord simply believes the stock’s risk/reward is more balanced at these levels with shares trading near 21-times estimated 2026 sales.
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Read More on CRWD:
- Balanced Risk/Reward Profile for CrowdStrike Holdings Amidst Strong Growth and Valuation Concerns
- CrowdStrike’s Strong Q1 Performance and Strategic Growth
- Closing Bell Movers: Guidewire up 11% after Q3 beat, guidance raise
- CRWD Earnings: CrowdStrike Stock Falls on Mixed Financial Results
- CrowdStrike reports Q1 adjusted EPS 73c, consensus 66c
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