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:
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- CrowdStrike’s Strong Q1 Performance and Strategic Growth
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- CRWD Earnings: CrowdStrike Stock Falls on Mixed Financial Results
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