CrowdStrike Holdings fell 1.8% in US pre-market trading. Piper Sandler downgraded the software company's rating from “surplus” to “neutral” because its stock price had already exceeded the investment bank's target price. Piper Sandler analyst Rob Owens said he believes there is no situation in the short term that can significantly improve the company's performance data or the price-earnings ratio of its terminals. Analysts note that Piper Sandler remains positive about CrowdStrike and its long-term opportunities as a security and IT integrator. However, he said investors should not increase their holdings of the stock at this time, as it may have limited upside in the short to medium term. The target price remained unchanged at $505, down 1.8% from Thursday's closing price of $514.10 in the New York market.

CrowdStrike Holdings fell 1.8% in US pre-market trading. Piper Sandler downgraded the software company's rating from “surplus” to “neutral” because its stock price had already exceeded the investment bank's target price. Piper Sandler analyst Rob Owens said he believes there is no situation in the short term that can significantly improve the company's performance data or the price-earnings ratio of its terminals. Analysts note that Piper Sandler remains positive about CrowdStrike and its long-term opportunities as a security and IT integrator. However, he said investors should not increase their holdings of the stock at this time, as it may have limited upside in the short to medium term. The target price remained unchanged at $505, down 1.8% from Thursday's closing price of $514.10 in the New York market.