CrowdStrike Holdings Inc. (NASDAQ:CRWD) shares are dipping Wednesday, even as a batch of analyst updates released the same day stayed broadly positive on the stock, suggesting the move looks more like a pullback from recent highs than a reaction to new bearish news. Here’s what you need to know.
CrowdStrike Holdings shares are sliding. Why is CRWD stock dropping?
Analysts Stay Bullish on CrowdStrike
CrowdStrike carries an overall Buy rating on Wall Street, with an average price target of $209.06. Wednesday brought a fresh round of analyst commentary that largely reinforced that bullish view. Mizuho reiterated an Outperform rating and raised its price target to $240, while Truist Securities kept its Buy rating and raised its target to $245.
Cantor Fitzgerald maintained an Overweight rating and raised its price target to $250. Cantor Fitzgerald analyst Jonathan Ruykhaver’s adjustment reflects CrowdStrike’s four-for-one stock split rather than a change in his underlying view of the company.
