CrowdStrike (CRWD) Downgraded by Piper Sandler Despite Long-Term AI Potential

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the Top 10 AI Stocks in the SpotlightOn July 7, Piper Sandler analyst Rob Owens downgraded the stock from “Overweight” to “Neutral,” maintaining its price target at $505.

The analysts at the firm said that it doesn’t see a near-term scenario that could meaningfully increase numbers or its terminal multiple. However, it does appreciate the company’s long-term potential as a player in security and IT.

It also said that investors should not be adding shares at the moment. This is because the upside may be limited over the short to medium term.

CrowdStrike (CRWD) Downgraded by Piper Sandler Despite Long-Term AI Potential

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.

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