CrowdStrike retreats despite getting high marks from Oppenheimer
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CrowdStrike Holdings (NASDAQ:CRWD) was headed towards another rough day on the market, Wednesday, as the cloud-based security technology company's shares slipped in early trading despite an upbeat assessment from Oppenheimer analyst Ittai Kidron.
Before the market opened, Kidron called CrowdStrike (CRWD) one of his top picks for 2022, and maintained his outperform rating and $300-a-share target price on the company's stock. Kidron said CrowdStrike (CRWD) stands to benefit from customers looking to consolidate their security service as the company has a product platform that covers such needs as endpoint, data and identity security.

"We see a significant opportunity in CrowdStrike's (CRWD) cloud security modules," Kidron said, in a research note. "Moving forward, we expect CrowdStrike (CRWD) to more aggressively monetize its cloud security [product] modules."
Still, CrowdStrike's (CRWD) shares gave up almost 2% in pre-market trading, Wednesday, on top of a loss of 4.6% on Tuesday as trading in the broader market remained volatile at the start of the year.
On Tuesday, analysts at Bank of America included CrowdStrike (CRWD) among its "high conviction" ideas for 2022.