Is CrowdStrike a Bad-News Buy?
Bad press can sink a stock, but that doesn't mean it'll stay down forever. In some cases, buying a stock when it's getting a lot of negative attention can position you for greater returns down the road. As long as the underlying business isn't in bad shape, a sell-off due to some bad press could make for a great buying opportunity.
CrowdStrike Holdings (NASDAQ: CRWD) could potentially be just such an opportunity. Back in July, it inadvertently triggered what some have described as the largest-ever IT outage, bringing down millions of Windows computers worldwide. That outage, caused by the rollout of a flawed software update, impacted many industries and had wide-ranging impacts on consumers and businesses.
Shares of CrowdStrike went over a cliff after it became clear that the company was to blame. They've bounced back somewhat, but before the outage, they were up by more than 40% in 2024. Today, CrowdStrike's year-to-date gains sit at a much more modest 8%. Could this be a great time for investors to scoop up the tech stock at a discounted price?
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 161 Buy predictions and 1 Sell predictions.
As a result the target price of 314 € shows a positive potential of 42.15% compared to the current price of 220.9 € for CrowdStrike Holdings Inc.
