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CrowdStrike Stock Drops Nearly 6% After Bank of America Downgrade
CrowdStrike Stock Drops Nearly 6% After Bank of America Downgrade
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CrowdStrike Holdings Inc. (NASDAQ: CRWD) shares tumbled 5.77% to $460.56 following Bank of America's downgrade from 'Buy' to 'Hold.' The MOVE reflects growing skepticism about the cybersecurity firm's valuation and slowing revenue growth, despite beating annual recurring revenue and earnings per share expectations.
Mixed fiscal 2026 results and weaker-than-expected revenue guidance contributed to the bearish sentiment. Operating expenses have risen even as the company navigates transitional customer incentive programs. Analyst consensus remains fractured—some defend CrowdStrike's premium valuation while others highlight mounting growth risks.
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