CrowdStrike Stock Slips: Analyst Downgrades Before Earnings

CrowdStrike TodayCRWDCrowdStrike$468.83 -3.39 (-0.72%) 52-Week Range$200.81▼$475.50P/E Ratio919.29Price Target$404.43Add to WatchlistCrowdStrike Holdings Inc. NASDAQ: CRWD is scheduled to report earnings after the market closes on June 3. Analyst sentiment has generally been bullish. That makes it noteworthy that one analyst firm, DZ Bank, issued a rare Strong Sell rating on the stock on May 23 with a price target of $370, a 20% drop from the stock’s price on May 28. The downgrade is more startling because ...