Today news
About the same in other media
14.09 - 18:31
CrowdStrike downgraded at Morgan Stanley in anticipation of another guidance cut
Reading now: 553
Morgan Stanley analysts downgraded CrowdStrike (NASDAQ:CRWD) shares to Equal Weight from Overweight with a price target lowered by $11 to $167 per share.
The analysts are “cautious” on CRWD into this week’s earnings print.
“Consensus estimates for 2H/CY24 rebound appear high in light of a more difficult demand environment,” they said in a client note.
Along these lines, they believe CrowdStrike may be prompted to cut its ARR guidance again.
Moreover, the analysts argue that risk-reward seems more balanced now after +45% YTD run.
“Our cautious view is based on more recent checks and data points over the last month, citing:
CRWD shares are down 2.6% in early Monday trade.
Read more on investing.comAbout this in other media
Alibaba slumps after cloud unit CEO Daniel Zhang unexpectedly quits; Morgan Stanley highlights increased uncertainty investing.com /1 year ago
Full restriction of TAC payments; worst-case scenario for Google and Apple - Morgan Stanley investing.com /1 year ago
Morgan Stanley tests OpenAI-powered chatbot for wealthy investors. Know more livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
