Prediction: You'll Regret Not Buying the CrowdStrike Dip
I'll go ahead and say what everyone is thinking: Causing the largest global IT outage in history is bad. Unfortunately, that's what (NASDAQ: CRWD) did on July 19, and its stock has taken a huge hit because of it.
Since hitting a peak on July 8, CrowdStrike's stock is down close to 30% (as of Aug. 30). That's bad news for investors with shares before then, but it's an opportunity for people looking to begin or increase a stake in the cybersecurity company.
It's one thing for a stock to plunge because something fundamentally changed with its business; it's a different story when it happens because of a (very unfortunate) mishap. With CrowdStrike seemingly falling into the latter category, I think the market overreacted, and investors should consider buying the current dip.
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 13.52% compared to the current price of 172.66 € for CrowdStrike Holdings Inc.
