Stock Track | CrowdStrike Plummets 5.09% Intraday After Stifel Cuts Price Target

Stock Track02-23 22:41

CrowdStrike Holdings, Inc. (CRWD) saw its stock price plummet by 5.09% during intraday trading on Monday.

The sharp decline followed news that investment firm Stifel cut its price target for CrowdStrike from $600 to $480. Analyst price target reductions are often interpreted as a negative signal about a company's future prospects, potentially leading to increased selling pressure from investors.

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