CrowdStrike: Why I'm A Seller Here (Rating Downgrade)
CrowdStrike's stock has seen a significant rebound but is now considered overvalued. The company is trading at high multiples, including 128 times forward EPS and 27 times projected sales. A downgrade from hold to sell has been issued, with expectations of a 20-30% correction in the near term.
- ▪CrowdStrike is currently trading at 128 times forward non-GAAP EPS and 27 times projected sales.
- ▪The stock has been downgraded from hold to sell due to its overvaluation.
- ▪A near-term correction of 20-30% is anticipated, targeting a price range of $500-$480.
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