CrowdStrike Stock Still Has Upside After a Big Surge, According to 1 Wall Street Analyst. Is the Stock a Buy Near an All-Time High?
(NASDAQ: CRWD) is getting a lot of attention from investors these days. The company is at the forefront of a movement that uses artificial intelligence (AI) as the foundation of its cybersecurity services.
Its stock has already surged 145% over the past year, but one analytics firm believes CrowdStrike has further to run.
Analysts at Redburn Atlantic raised their price target on CrowdStrike to $380 while maintaining a buy rating on the shares. That represents a potential upside for investors over the next 12 months or so of 14% compared to its current price. The analysts cited the opportunity presented by generative AI, which "presents another transformative layer" to cybersecurity.
Source Fool.com