CrowdStrike Holdings Inc. (NASDAQ: CRWD) is scheduled to report earnings after the market closes on June 3. Analyst sentiment has generally been bullish. That makes it noteworthy that one analyst firm, DZ Bank, issued a rare Strong Sell rating on the stock on May 23 with a price target of $370, a 20% drop from the stock’s price on May 28.
The downgrade is more startling because the analysts’ sentiment shifted from a Strong Buy to a Strong Sell. You would think that something catastrophic had happened with the company, as it did when a software upgrade glitch caused a massive outage in summer 2024.
