Lates News

CrowdStrike Holdings fell 1.8% in pre-market trading in the United States. Piper Sandler downgraded the software company's rating from "overweight" to "neutral" because its stock price has exceeded the investment bank's target price. Piper Sandler analyst Rob Owens said he does not see any significant catalysts in the short term that could improve the company's performance data or its terminal price-earnings ratio. The analyst noted that Piper Sandler maintains a positive outlook on CrowdStrike and its long-term opportunities as a security and IT integration provider. However, he advised investors not to increase their holdings in the stock at the moment, as its upside potential in the short to medium term may be limited. The target price remains unchanged at $505, down 1.8% from the closing price of $514.10 in the New York market on Thursday.