Why CrowdStrike Fell Today on an Up Day for the Nasdaq
Shares of (NASDAQ: CRWD) fell in today's trading, down as much as 4.8% before recovering to a 3.7% decline as of the end of trading, even as the broader finished strongly, up 0.8%.
It wasn't too difficult to figure out why, as a major Wall Street sell-side analyst downgraded CrowdStrike's shares and lowered its price target ahead of the company's earnings report on Wednesday.
But is this short-term call really something for long-term investors to worry about?
Source Fool.com
CrowdStrike Holdings Inc Stock
€357.90
0.420%
The stock is an absolute favorite of our community with 119 Buy predictions and no Sell predictions.
As a result the target price of 367 € shows a slightly positive potential of 2.54% compared to the current price of 357.9 € for CrowdStrike Holdings Inc.
