BMO Capital analyst Keith Bachman lowered the firm’s price target on CrowdStrike (CRWD) to $500 from $555 and keeps an Outperform rating on the shares. The company delivered one of the best reports vs. elevated expectations and an uncertain backdrop, though the firm is cutting its price target given software multiple compression, the analyst tells investors in a research note.
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Read More on CRWD:
- CrowdStrike price target lowered to $525 from $590 at UBS
- CrowdStrike price target lowered to $400 from $515 at Canaccord
- CrowdStrike price target raised to $475 from $472 at JPMorgan
- CrowdStrike price target raised to $368 from $353 at Bernstein
- CrowdStrike price target lowered to $487 from $537 at Morgan Stanley