Piper Sandler downgraded cybersecurity firm CrowdStrike (ticker: CRWD) from Overweight to Neutral, setting a price target of $505. The downgrade reflects concerns over limited upside potential after the stock's approximately 60% rally, with shares approaching the firm's price objective and valuation reaching peak multiples within Piper Sandler's coverage universe. Morgan Stanley also downgraded CrowdStrike to Equal Weight from Overweight, assigning a price target of $495 and citing full valuation as a key factor. The downgrades have contributed to a roughly 2% decline in CrowdStrike’s premarket trading. These revisions indicate a broader shift among analysts regarding the stock’s near-term growth prospects.