Piper Sandler upgrades CrowdStrike stock rating on valuation

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Asia stocks slide as US-Iran strikes batter risk appetite Oil prices surge after US-Israel strikes on Iran, trim early gains Gold prices jump 2% amid widening US-Israel conflict with Iran Middle East tensions rise as Iran promises retaliation (South Africa Philippines Nigeria) Piper Sandler upgrades CrowdStrike stock rating on valuation By Investing.com Analyst Ratings Published 03/02/2026, 01:31 AM Piper Sandler upgrades CrowdStrike stock rating on valuation 0 CRWD -2.39% Investing.com - Piper Sandler upgraded CrowdStrike Holdings (NASDAQ:CRWD) to Overweight from Neutral and maintained a price target of $520.00. The firm said shares have declined 21% year-to-date amid AI-driven bear cases that have dominated the security sector narrative. The stock currently trades at $372, down from its 52-week high of $567, with InvestingPro data confirming the recent weakness through the past three months. Piper Sandler views the decline as overdone for a best-in-class security platform with a track record of innovation and execution. The firm acknowledged that CrowdStrike’s valuation remains elevated compared to peers but said the opportunity ahead and ability to execute warrant the premium. The company trades at a Price-to-Book ratio of 23.35 with a $93.8 billion market cap, though InvestingPro ’s Fair Value analysis suggests the stock is currently overvalued relative to its fundamentals. Analysts remain optimistic, with price targets ranging from $353 to $706. Piper Sandler expects investors returning to the space to turn to leadership first. In other recent news, CrowdStrike Holdings announced the general availability of FalconID, a multi-factor authentication product designed to combat phishing attacks and credential abuse. This new offering extends CrowdStrike’s Falcon platform with FIDO2-based biometric authentication, eliminating the need for passwords and one-time codes. Additionally, DA Davidson has adjusted its...