CrowdStrike (CRWD) Downgraded by Piper Sandler Despite Long-Term AI Potential

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the Top 10 AI Stocks in the Spotlight. On July 7, Piper Sandler analyst Rob Owens downgraded the stock from “Overweight” to “Neutral,” maintaining its price target at $505.

The analysts at the firm said that it doesn’t see a near-term scenario that could meaningfully increase numbers or its terminal multiple. However, it does appreciate the company’s long-term potential as a player in security and IT.

It also said that investors should not be adding shares at the moment. This is because the upside may be limited over the short to medium term.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.

While we acknowledge the potential of CWRD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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