Crowdstrike pullback on outage creates buying opportunity, says Rosenblatt - InvestingChannel

Crowdstrike pullback on outage creates buying opportunity, says Rosenblatt

Rosenblatt believes the global tech outage caused by a faulty CrowdStrike software update, while disruptive, presents a compelling buying opportunity for investors with shares down nearly 14% in pre-market trading, which the firm sees as “an overreaction to a temporary setback.” This is an “isolated Incident” that stemmed from a single faulty update, not a fundamental flaw in CrowdStrike’s platform, argues the analyst, who sees “a chance to acquire shares of a leading cybersecurity company at a discounted price” and maintains a Buy rating and $420 price target on CrowdStrike shares.

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