Global tech outage eases after widespread disruption, new focus seen on risks
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Oppenheimer Reiterates Outperform Rating on CrowdStrike Holdings (CRWD), 'Removing from Top Picks'
July 22, 2024 10:16 AM EDTOppenheimer analyst Ittai Kidron reiterated an Outperform rating and $450.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst ocmments "We are removing CrowdStrike from our 2024 Top Picks. While we remain positive on the long-term opportunity, we expect shares to face continued pressure near-term as the company deals with the fallout of its defective software update and... More
CrowdStrike Holdings (CRWD) PT Lowered to $380 at RBC Capital
July 22, 2024 6:26 AM EDTRBC Capital analyst Matthew Hedberg lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $380.00 (from $420.00) while maintaining a Outperform rating.
The analyst comments "While the outage could remain a near-term overhang, we believe CrowdStrike will emerge as a... More
BTIG Downgrades CrowdStrike Holdings (CRWD) to Neutral
July 22, 2024 6:20 AM EDTBTIG analyst Gray Powell downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Neutral.
The analyst comments "On Friday 7/19, a CRWD software update caused a major global outage impacting businesses worldwide. After speaking with five senior security executives about the incident, we are downgrading CRWD shares to Neutral. In short, the feedback from our discussions was more... More
Wolfe Research on CrowdStrike Holdings (CRWD): 'many unknowns related to the impact on the brand'
July 19, 2024 1:46 PM EDTWolfe Research analyst Joshua Tilton reiterated a Peerperform rating on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "Our Take. While public cloud outages appear to have become a normal cost of doing business with the hyperscalers, the outage caused by the CRWD update is more severe than the cloud outages that organizations are accustomed to given that it... More
CrowdStrike Holdings (CRWD) PT Lowered to $350 at Evercore ISI
July 19, 2024 11:13 AM EDTEvercore ISI analyst Peter Levine lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $350.00 (from $405.00) while maintaining a Outperform rating.
The analyst comments "This is an unprecedented event and not something we or anyone had in their cards. First, this... More
Citi on CrowdStrike Holdings (CRWD): 'We see risk to billings and ARR', 'Reminiscent of Too Big to Fail'
July 19, 2024 11:10 AM EDTCiti analyst Fatima Boolani reiterated a Buy rating and $425.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "We see risk to billings and ARR on the heels of CRWDs widespread outage, where the roll-out of a defective software update to... More
BMO Capital on CrowdStrike Holdings (CRWD): 'we believe there will be financial consequences from this issue'
July 19, 2024 10:07 AM EDTBMO Capital analyst Keith Bachman reiterated an Outperform rating and $410.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "First, in our experience companies, and stocks, recover from technology challenges and breaches. However, we believe there will be financial consequences... More
Goldman Sachs Defending CrowdStrike Holdings (CRWD)
July 19, 2024 9:22 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Buy rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "CrowdStrike is indicated down 13% in pre-market trading on July 19 post news overnight on a widespread outage of Microsoft systems globally, caused by a CrowdStrike update to a Falcon sensor. The outage, coupled with what appears to be an unrelated Microsoft Azure outage on Thursday for some customers in the central United States, has led to disruption of services at several airlines, financial institutions and businesses (WSJ). At 5:45am ET, George... More
Rosenblatt Defending CrowdStrike Holdings (CRWD), 'Buying Opportunity'
July 19, 2024 7:46 AM EDTRosenblatt analyst Catherine Trebnick reiterated a Buy rating and $420.00 price target on CrowdStrike Holdings (NASDAQ: CRWD)
The analyst comments "Isolated Incident, Not a Systemic Issue: The outage stemmed from a single faulty update, not a fundamental flaw in CrowdStrike's platform. CEO George Kurtz... More
