CrowdStrike Stock Is Down After a Disappointing Forecast, But Analysts Are Still Bullish | Global News Avenue

crowdstrike(Crust) Shares fell on Wednesday, the day after the company’s full-year outlook Much below expectationsbut several analysts say they still see room for the stock to rise.

Wedbush analysts said the company “still the gold standard for cybersecurity” said that the result was raised its stock’s target from $390 to $395, up from 11% of the stock’s intraday price revenue. They added that they were worried that the company would cause Global disruption Last summer seemed exaggerated.

CrowdStrike shares fell about 9% in recent trading to $354.75, nearly a quarter of its value since reaching a record high in mid-February. UBS analysts said they believe the recent slides make the stock more “engaging” and that the company’s disappointing appearance may be conservative. They lowered their target from $450 to $425, but that still recommends a 20% increase.

Despite the weak outlook, CrowdStrike’s quarterly revenue and earnings exceeded estimates. Oppenheimer analysts said the company “has achieved strong results in continuing to effectively manipulate the headwinds of the post office,” he said, reiterating the target price of $410, adding that they continue to view CrowdStrike as “one of the most powerful platform opportunities in security.”