1 Beaten-Down Nasdaq Stock Worth Buying Hand Over Fist
(NASDAQ: CRWD) is a fast-growing cybersecurity company that has been reporting consistently impressive growth in its revenue and earnings thanks to the growing adoption of its cloud-based platform. But it has been in the news for the wrong reasons of late.
Shares of CrowdStrike have been dropping since the company released its fiscal 2024 first-quarter results (for the three months ended April 30) on May 31, pulling back close to 5%. But a closer look at the company's quarterly performance and outlook suggests that investors now have a buying opportunity, especially considering terrific catalysts such as artificial intelligence (AI) that could help CrowdStrike maintain high levels of growth for a long time.
Let's take a closer look at CrowdStrike's quarterly report and why investors should consider using the stock's drop to buy it hand over fist.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is an absolute favorite of our community with 119 Buy predictions and no Sell predictions.
As a result the target price of 367 € shows a slightly positive potential of 1.87% compared to the current price of 360.25 € for CrowdStrike Holdings Inc.
