Why Are CrowdStrike Shares Trading Lower Today?

BTIG analyst Gray Powell downgraded CrowdStrike Holdings CRWD to Neutral from Buy without a price target.
Channel checks indicate that competition "is on the rise" and that tailwinds to CrowdStrike's growth in 2022 will prevail downtick from 2021, Powell notes.
As such, the analyst thinks the company's annual recurring revenue growth will likely moderate into the 40% - 45% range in a fiscal 2023 "upside scenario."
Powell infers investors "will be faced with the difficult task of gauging the slope of a deceleration and sustainable long-term growth rates over the next 6 -12 months."
He now thinks the stock's risk/reward favors a Neutral rating.
Price Action: CRWD shares traded lower by 3.33% at $272.65 in the market session on the last check Monday.

Momentum89.62

Growth79.87

Quality-

Value3.35

Short

Medium

Long

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