We recently published Jim Cramer Discussed A Mysterious Yellow Light & These 9 Stocks. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one the stocks discussed by Jim Cramer.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is another cybersecurity firm whose shares have performed well lately. They are up by 35% over the past year and by 31% year-to-date. Wells Fargo discussed the firm on May 5th as it kept a Buy rating and a $525 share price target. Mizuho upgraded CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s shares to Outperform from Neutral and bumped the share price target to $520 from $490 on April 27th. The bank remarked that the cybersecurity company was experiencing healthy demand, as evidenced by channel checks. Cramer discussed how the sentiment about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has changed over the past couple of months:
“In the winter, when you thought that Anthropic was going to somehow take care of its own security, George Kurtz has said over and over again, CEO of CrowdStrike, you’re not even allowed to take [inaudible], the insurance won’t let them do that. So these two companies, Palo Alto and CrowdStrike, the world’s their oyester, and when CrowdStrike just collapsed because of Anthropic, was one of the great buys ever. But no one was listening to Kurtz. . . we couldn’t find anyone who cared!”
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.
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