This Hot Growth Stock Is Still a Buy After Enormous Gains
Wall Street is a wacky place. Just a few months ago, analysts were telling us to batten down the hatches for a recession. Now, all anyone wants to talk about is artificial intelligence (AI) and how we could avoid recession altogether. I have my doubts about the latter, but luckily, companies like (NASDAQ: CRWD) were AI juggernauts before it was cool, have secular growth paths, and are recession-resistant.
That doesn't mean the stock can't fall if the market retreats, of course. However, it does mean that CrowdStrike has several characteristics of a company that could outperform the market for years.
CrowdStrike stock has gained nearly 40% year to date (YTD), yet it is still 50% off its all-time high. Shown below, it trades near its lowest price-to-sales (P/S) ratio ever despite being a much stronger company now than at any point in its history. The rapid rise in revenue is just one indicator of its strength.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 136 Buy predictions and 2 Sell predictions.
As a result the target price of 336 € shows a positive potential of 42.43% compared to the current price of 235.9 € for CrowdStrike Holdings Inc.
