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Why CrowdStrike Stock Dropped Today

TheMotleyFool

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Another day, another bit of good news from Wall Street for CrowdStrike Holdings (NASDAQ: CRWD) investors -- so why aren't they happy?

Bright and early Tuesday morning, analysts at Canaccord Genuity initiated coverage of the cybersecurity stock with a buy rating and a $280 price target, helping to give the shares a tiny lift after a long holiday weekend. Wednesday, however, a more muted price target hike to $270 from investment bank Mizuho is having the opposite effect -- and CrowdStrike stock is down 2.5% as of 1 p.m. EST.

Image source: Getty Images.

Source Fool.com

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