1035 ET - CrowdStrike's valuation leaves only limited upside from its current level, BofA Securities analysts say in a research note. The cybersecurity company swung to a loss in 1Q, and its revenue guidance for the 2Q came in below the Street's expectations. The analysts are positive on the healthy underlying trends in 1Q, with growth in annual recurring revenue and products outside the core offering improving. But its 2Q guidance is a negative, particularly as the analysts see growth decelerating on an annual basis looking out to 2027. The analysts downgrade CrowdStrike to neutral from buy but raise their price objective to $470 from $420. Shares decline 4.3% to $467.50. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
June 04, 2025 10:35 ET (14:35 GMT)
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