CrowdStrike (NASDAQ: CRWD) went public at $34 a share in June 2019. The cloud-based cybersecurity company's stock started trading at $63.50, and it eventually soared to an all-time high of $293.18 in November 2021.

Yet as of this writing, CrowdStrike trades at about $95. It lost its luster as rising interest rates drove investors toward more conservative investments, while concerns about its cooling growth, lack of profits, and frothy valuation exacerbated its decline.

But could CrowdStrike stage a comeback in 2023? Let's review the bear and bull cases to find out.

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Source Fool.com