We recently published
Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks discussed by Jim Cramer.
Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s shares are up by 40% over the past year and by 44% year-to-date. Morgan Stanley discussed the firm on June 4th as it raised the share price target to $690 from $610 and kept an Overweight rating on the shares. The coverage followed CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s fiscal first quarter earnings, which saw it beat analyst revenue and EPS estimates. In its coverage, Morgan Stanley remarked that while the earnings beat was impressive, the bigger story was CrowdStrike Holdings, Inc. (NASDAQ:CRWD) raising its net annual recurring revenue guidance to signal greater demand from artificial intelligence. Cramer has been one of the firm’s biggest proponents on the back of tailwinds created by the surging AI use cases. He discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in a series of tweets made on June 4th and June 5th:
“I’m not going to tell you the selling isn’t exaggerated tonight in Broadcom and CrowdStrike. I will say that they were parabolic and the parabola stocks will be hurt as all of these deals get priced. Please watch the top of Mad Money tonight for more
“Before you decide that you never want to hear of Broadcom or CrowdStrike again remember that they have run so much that things had to be perfect. When we sold some Broadcom two says ago we did so reluctantly because it is so good. CrowdStrike’s quarter was actually amazing and so was the outlook. They wont reverse even down double % today but they are very good companies
“People are probably wondering why CrowdStrike’s and Broadcom’s stocks seem to stop at these levels. The answer lies in panic and fear. The sellers just want these stocks off their sheets. They are prepared to sell it lower than this. Don’t count on the sellers to stop here. They want the money for SpaceX/Anthropic
“I thought George Kurtz did a pretty darned good job explaining how terrific CrowdStrike is doing and i think he’s getting a lot work from mythos that didn’t yet show up in the quarter”
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While we acknowledge the potential of CRWD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
