CrowdStrike price target lowered to $550 from $600 at Truist

Truist analyst Junaid Siddiqui lowered the firm’s price target on CrowdStrike (CRWD) to $550 from $600 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results in Security Software. The broader narrative around AI disruption is likely to dominate earnings season as investors seek to separate AI beneficiaries from those at risk, the analyst tells investors in a research note. Truist adds that it favors CrowdStrike and Zscaler (ZS) are the are set up well for beat and raise and also offer “defensible moats for AI security”.