CrowdStrike Holdings, Inc. (CRWD) saw its stock plummet by 5.14% in pre-market trading on Monday, following a series of price target reductions by leading analysts. The cybersecurity company's shares faced downward pressure as investors reacted to the adjusted outlook from multiple research firms.

Jefferies, a prominent investment bank, lowered its price target on CrowdStrike from $425 to $410, while maintaining a Buy rating on the stock. This adjustment represents a slight reduction in the expected upside potential for CRWD shares. Similarly, Truist Securities cut its target price for CrowdStrike to $450 from $460, further contributing to the negative sentiment surrounding the stock.

Despite the price target reductions, it's worth noting that analysts still maintain a generally positive outlook on CrowdStrike. According to FactSet, the company has an average rating of overweight among analysts, with a mean price target of $412.19. This suggests that while short-term expectations have been tempered, many analysts continue to see long-term value in the cybersecurity firm. However, the market's immediate reaction to these downgrades highlights the sensitivity of high-growth tech stocks to changes in analyst sentiment, even when the overall view remains bullish.