#7 - CrowdStrike (NASDAQ:CRWD)
Cybersecurity is becoming a must-have service, not a nice-to-have service, and it will only continue to grow. AI is creating a new series of threats, and CrowdStrike Holdings Inc. (NASDAQ: CRWD) is well-positioned to help businesses of all sizes manage those threats.
One of the latest offerings from CrowdStrike is Charlotte AI, which is part of the company’s Falcon platform. Charlotte AI “enables users to unleash the transformative power of generative AI across security workflows.”
CRWD stock is up 156% in the last 12 months and 56% in 2024. Some investors may be concerned that there’s not enough upside to get involved. However, the company was just added to the S&P 500 index. This will cause more institutional investors to ensure they hold the stock in their funds, which should be enough to move the stock higher.
And even without the S&P 500 news, CrowdStrike is showing strong year-over-year revenue and earnings growth that is likely to continue.
About CrowdStrike
CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.
Read More - Current Price
- $344.36
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 34 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $328.74 (4.5% Downside)
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