Arete Downgrades CrowdStrike Holdings (CRWD) Rating to Neutral From Buy

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the 10 Best SaaS Stocks to Buy According to Reddit. On June 29, Arete analyst Ellie Kearney downgraded its rating on CrowdStrike to Neutral from Buy, setting a $730 price target on the stock, according to a report by TheFly.

Based on 54 analyst ratings compiled by CNN, 76% assigned a Buy rating on the stock while 22% marked it Hold. The stock has a median price target of $750, 1.72% lower than the current price of $763.14.

Earlier, on June 28, Wells Fargo analyst Michael Turrin assigned a Buy rating to CrowdStrike and raised its price target to $725 from $500, noting that it is outperforming its year-to-date target, according to a report by TipRanks.

Citing his industry checks, the analyst pointed out that customers appear focused on spending on platform security and products. As a result, the analyst said such companies, including CrowdStrike, are outdoing their year-to-date targets.

In contrast, Bernstein analyst Peter Weed expressed caution on CrowdStrike, reiterating a Market Perform rating and maintaining a price target of $413. The analyst said he sees the possibility of the company’s total annual recurring revenue (ARR) coming in less than 25% over the next few quarters and then worsen afterward, citing that certain operational setbacks could hinder the company’s growth, even if demand for its products remains strong.

In its Q1 fiscal 2027, which ended on April 30, CrowdStrike posted a 24% growth in total ARR to $5.51 billion.

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is a global cybersecurity leader offering an advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity, and data.

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