CrowdStrike Stock Dips Despite Bullish Note From Wall Street
Shares of CrowdStrike Holdings (NASDAQ: CRWD) have dipped by as much as 5% today even though a Wall Street analyst put out a bullish research note on the cybersecurity specialist. Tech stocks are broadly under heavy selling pressure today.
JPM Securities reiterated an outperform rating on CrowdStrike, with analyst Erik Suppiger boosting his price target from $180 to $295, which represents approximately 23% upside from Friday's closing price. The SolarWinds attack from late 2020 is still fresh in the minds of many organizations, which should reinforce demand for cybersecurity services as companies and government entities strengthen their digital defenses against hackers.
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Source Fool.com