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Why CrowdStrike Stock Popped Today

TheMotleyFool

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Bad news for investors who own CrowdStrike (NASDAQ: CRWD): This morning, Piper Sandler cut its price target on your stock by 17%, to $250 a share.

Good news for CrowdStrike shareholders: Piper's $250 price target still leaves room for CrowdStrike shares to rise 32% this year, and as of 2:45 p.m. ET, CrowdStrike stock is up 5.7% in response.

And the best news of all for CrowdStrike investors? Piper Sandler recognizes that fact, and is maintaining its overweight rating on the shares -- and not just Piper Sandler, either, because just yesterday, Wells Fargo initiated coverage of CrowdStrike with an overweight rating of its own.

Source Fool.com

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