Motley Fool
Why CrowdStrike Stock Fell Sharply on Monday
BTIG Securities analyst Gray Powell — a longtime CrowdStrike bull — cut his rating on the growth stock from buy to neutral, noting that his firm’s channel checks suggest that competition is becoming more of a threat than it was previously. This could lead growth next year to “downtick from 2021,” said Powell in a note to investors. Chief among CrowdStrike’s competition, Powell says, is SentinelOne (NYSE: S), which went public this summer.