HSBC Downgrades CrowdStrike Holdings to Hold, Lowers Price Target to $302
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has downgraded CrowdStrike Holdings (NASDAQ:CRWD) from Buy to Hold and lowered the price target from $388 to $302.
July 23, 2024 | 10:16 am
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HSBC analyst Stephen Bersey downgraded CrowdStrike Holdings from Buy to Hold and reduced the price target from $388 to $302, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the significant reduction in the price target from $388 to $302 by HSBC suggests a less favorable view on CrowdStrike's near-term performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100