(Updated to include Wedbush commentary)

Wedbush lowered its price target on CrowdStrike (CRWD) to $550 from $600, reflecting a lower multiple, while reiterating its outperform rating.

The call followed the company's Q4 earnings report that featured slight beats on the top and bottom lines, and the strong full-year guidance, which came in above expectations, analysts led by Dan Ives wrote in a Wednesday note.

CrowdStrike's position as the gold standard of cybersecurity remains firmly unchanged in the face of this software sell-off, the analysts mentioned.

CrowdStrike has an average rating of overweight and mean price target of $497.85, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 386.59, Change: -4.83, Percent Change: -1.23