HSBC last night downgraded Crowdstrike to Hold from Buy with a price target of $302, down from $388. The says near-term risks have arisen following the global IT outage. The company’s long-term prospects remain intact, but there are near-term risks to Crowdstrike’s results and guidance, the analyst tells investors in a research note. “There are many unanswered questions of blame; for now, the spotlight is centered on CrowdStrike,” writes HSBC.
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