Reported 1 day ago
Macquarie analyst Steve Koenig has initiated coverage of CrowdStrike Holdings, Inc. (CRWD) with a 'Neutral' rating and a price target of $465, citing concerns over the stock's rich valuation despite its strong product strategy driving sales. The analysis indicates that CRWD is trading at a 58% premium compared to their estimated 'Rule of X' valuation metrics, suggesting that while it remains a strong player in AI-driven security, other AI stocks may offer better investment potential.
Source: YAHOO