Daiwa Securities analyst Stephen Bersey raised CrowdStrike (CRWD)'s rating from outperforming the market to buying, and lowered the target price from 193 dollars to 181 dollars.

Bersey told investors in a research report that although CrowdStrike's operations appeared to be stable during the performance period, weak comments on prospects and tepid performance guidelines from its management affected investors' sentiment. However, the analyst raised earnings expectations for CrowdStrike 2023 and 2024's non-US GAAP earnings expectations, as good cost control contributed to improved operating profits, and he believes there is still room for Crowdstrike's stock price to rise 46%.