Evercore ISI downgraded CrowdStrike (CRWD) to In Line from Outperform with a price target of $440, down from $450.The company’s Q1 “was solidly executed, though not exceptional,” the analyst tells investors in a research note. The firm detects growing investor frustration around several lingering, unaddressed issues at CrowdStrike. Evercore awaits more clarity before recommending the shares and is “taking a breather.”
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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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