• 2
  • 1
  • Favorite

Stock Track | CrowdStrike Plummets 5.04% Intraday as Analysts Slash Price Targets

Stock Track07-10

CrowdStrike Holdings, Inc. (CRWD) saw its stock price plummet 5.04% during intraday trading on Friday, marking a significant downward movement for the cybersecurity firm.

The sharp decline follows significant bearish analyst actions, with Barclays slashing its price target on CrowdStrike by 75% from $675 to $169, while Morgan Stanley also trimmed its target to $172. Both revised targets now sit below the stock's current trading level, exerting sustained downward pressure on market sentiment.

Broader weakness in the systems software sector compounded the selling pressure, with peers like Oracle, ServiceNow, and Palo Alto Networks also trading lower. The stock had already shown weakness in prior sessions, indicating insufficient short-term rebound momentum to counter the negative analyst outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • Mal06
    ·07-10
    Are you kidding me. There was a stock split, of course the new price targets are much lower now. Irresponsible reporting 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24