Is CrowdStrike Stock a Buy Now?
CrowdStrike Holdings (NASDAQ: CRWD) stock has made a remarkable recovery on the market in the past six months following a faulty software update on July 19 last year that caused a global IT outage and sent its shares plummeting.
The outage hit millions of computers around the globe, affecting airlines, hospitals, stores, and other businesses. Not surprisingly, CrowdStrike stock suffered a crisis of confidence, as investors were worried about the cybersecurity specialist's ability to attract new customers in the wake of this setback. Additionally, CrowdStrike was embroiled in legal tussles following the outage.
The impressive rally in CrowdStrike stock over the past six months suggests that the company has regained investor confidence. However, will it be a good idea to buy it following this surge? Let's find out.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 99 Buy predictions and 1 Sell predictions.
As a result the target price of 196 € shows a slightly positive potential of 5.69% compared to the current price of 185.44 € for CrowdStrike Holdings Inc.
