Redburn Atlantic analyst Nina Marques downgraded Crowdstrike to Sell from Neutral with a price target of $275, down from $380. The stock’s valuation is “demanding” and any disappointment to sales or annual recurring revenue could bring a sharp de-rating, the analyst tells investors in a research note. The firm sees downside risk to current buy-side expectations. CrowdStrike’s consensus growth expectations do not reflect early indicators of a slowdown, contends Redburn.
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