Should Investors Buy This Beaten-Down Cybersecurity Stock in Anticipation of a Solid Turnaround?
Shares of CrowdStrike Holdings (NASDAQ: CRWD) shot up an impressive 83% in the past year, but the stock has been in free-fall mode in the past month and a half thanks to a faulty software update that caused a global IT outage on July 19.
More specifically, CrowdStrike stock lost 13% of its value since that day. It is also worth noting that the cybersecurity stock has retreated nearly 33% from the 52-week highs it hit on July 9. Amid all this negativity, CrowdStrike's fiscal 2025 second-quarter report (for the three months ended July 31) held a lot of significance.
The cybersecurity specialist released its quarterly report on Aug. 28 and its stock dipped around 2% in pre-market trading the following day. Let's see why that was the case and check if there is any possibility of a turnaround in its fortunes.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 158 Buy predictions and 1 Sell predictions.
As a result the target price of 321 € shows a positive potential of 32.92% compared to the current price of 241.5 € for CrowdStrike Holdings Inc.
