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Wall Street Analysts Turn Cautious: CrowdStrike Loses Its Bullish Rating

MarketDash Editorial Team
20 hours ago
Five major companies faced analyst downgrades on Monday, with CrowdStrike losing its bullish rating at Keybanc, Snowflake cut to Equal-Weight at Barclays, and SLM Corp. downgraded to Underweight at JP Morgan with price targets slashed across the board.

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Monday brought a wave of analyst pessimism across Wall Street, with several prominent firms pulling back their bullish calls on major stocks. Here's the full rundown of the five most significant downgrades hitting the market.

CrowdStrike Loses Its Overweight Rating

CrowdStrike Holdings Inc. (CRWD) saw Keybanc analyst Eric Heath shift his stance from Overweight to Sector Weight, effectively moving from a bullish position to neutral. The cybersecurity company's shares closed at $470.61 on Friday before the downgrade announcement.

Student Loan Servicer Faces Underweight Call

SLM Corp. (SLM) took a harder hit from JP Morgan analyst Richard Shane, who not only downgraded the student loan servicer from Neutral to Underweight but also cut the price target significantly from $29 to $25. Shares had closed at $27.61 on Friday, suggesting the analyst sees further downside ahead.

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Snowflake's Cloud Story Cools Down

The cloud data platform Snowflake Inc. (SNOW) faced a reality check from Barclays analyst Raimo Lenschow, who downgraded the stock from Overweight to Equal-Weight. Lenschow also trimmed the price target from $290 to $250. That's a notable cut considering Snowflake shares closed at $219.09 on Friday, already trading well below even the reduced target.

Offshore Driller Sinks to Sell Rating

Seadrill Ltd. (SDRL) went from Neutral to Sell at Citigroup, where analyst Scott Gruber lowered the price target from $35 to $32. The offshore drilling company's shares closed at $35.47 on Friday, trading above both price targets, which explains the analyst's concern about valuation.

Allstate Downgraded Despite Higher Price Target

In a somewhat unusual move, TD Cowen analyst Andrew Kligerman downgraded Allstate Corp. (ALL) from Buy to Hold while simultaneously raising the price target from $224 to $231. The insurance giant's shares closed at $212.21 on Friday. This kind of downgrade typically signals that while the analyst still sees upside potential, the risk-reward profile has shifted enough to warrant a more cautious stance.

These rating changes reflect shifting sentiment across multiple sectors, from cybersecurity and cloud computing to financial services, energy, and insurance. Investors holding these positions will want to review the detailed analyst reports to understand the specific concerns driving each downgrade.

Wall Street Analysts Turn Cautious: CrowdStrike Loses Its Bullish Rating

MarketDash Editorial Team
20 hours ago
Five major companies faced analyst downgrades on Monday, with CrowdStrike losing its bullish rating at Keybanc, Snowflake cut to Equal-Weight at Barclays, and SLM Corp. downgraded to Underweight at JP Morgan with price targets slashed across the board.

Get Allstate Corp (The) Alerts

Weekly insights + SMS alerts

Monday brought a wave of analyst pessimism across Wall Street, with several prominent firms pulling back their bullish calls on major stocks. Here's the full rundown of the five most significant downgrades hitting the market.

CrowdStrike Loses Its Overweight Rating

CrowdStrike Holdings Inc. (CRWD) saw Keybanc analyst Eric Heath shift his stance from Overweight to Sector Weight, effectively moving from a bullish position to neutral. The cybersecurity company's shares closed at $470.61 on Friday before the downgrade announcement.

Student Loan Servicer Faces Underweight Call

SLM Corp. (SLM) took a harder hit from JP Morgan analyst Richard Shane, who not only downgraded the student loan servicer from Neutral to Underweight but also cut the price target significantly from $29 to $25. Shares had closed at $27.61 on Friday, suggesting the analyst sees further downside ahead.

Get Allstate Corp (The) Alerts

Weekly insights + SMS (optional)

Snowflake's Cloud Story Cools Down

The cloud data platform Snowflake Inc. (SNOW) faced a reality check from Barclays analyst Raimo Lenschow, who downgraded the stock from Overweight to Equal-Weight. Lenschow also trimmed the price target from $290 to $250. That's a notable cut considering Snowflake shares closed at $219.09 on Friday, already trading well below even the reduced target.

Offshore Driller Sinks to Sell Rating

Seadrill Ltd. (SDRL) went from Neutral to Sell at Citigroup, where analyst Scott Gruber lowered the price target from $35 to $32. The offshore drilling company's shares closed at $35.47 on Friday, trading above both price targets, which explains the analyst's concern about valuation.

Allstate Downgraded Despite Higher Price Target

In a somewhat unusual move, TD Cowen analyst Andrew Kligerman downgraded Allstate Corp. (ALL) from Buy to Hold while simultaneously raising the price target from $224 to $231. The insurance giant's shares closed at $212.21 on Friday. This kind of downgrade typically signals that while the analyst still sees upside potential, the risk-reward profile has shifted enough to warrant a more cautious stance.

These rating changes reflect shifting sentiment across multiple sectors, from cybersecurity and cloud computing to financial services, energy, and insurance. Investors holding these positions will want to review the detailed analyst reports to understand the specific concerns driving each downgrade.