Mizuho downgraded CrowdStrike (CRWD) to Neutral from Outperform with an unchanged price target of $425. The firm says its recent channel checks on CrowdStrike have moderated with a few partners coming in below plan, while some potential risk factors have emerged. Yet, the shares have been “remarkedly robust” and now trade above the price target the analyst tells investors in a research note. As a result, Mizuho recommends waiting for a better entry point.
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