Redburn Atlantic analysts downgraded CrowdStrike Holdings Inc. (NASDAQ:CRWD) and Palo Alto Networks (NASDAQ:PANW) in a note Thursday, citing valuation concerns and market dynamics. CrowdStrike was downgraded to Sell from Neutral with a target price of $275, down from $380. Redburn highlights that while CrowdStrike’s products are of high quality, the company faces challenges in penetrating the large enterprise market to maximize cross-sell opportunities. “CrowdStrike’s consensus growth expectations do not reflect early indicators of a slowdown,” the analysts noted.
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