TD Cowen Rates CrowdStrike Holdings (CRWD) as a 'Buy' on Strong Platform Adoption

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the best cybersecurity stocks to buy right now. On August 28, TD Cowen reiterated a ‘Buy’ rating on the stock and a $500 price target. The research firm’s positive stance follows the company’s solid second-quarter fiscal 2026 results, which affirmed strong demand for cybersecurity solutions.

The cybersecurity firm delivered $221 million in net new annual recurring revenue, representing a 1% year-over-year increase. In addition, management issued guidance for the second half of the year, signaling confidence in continued growth. TD Cowen expects the growth momentum to continue amid a stabilizing macroeconomic environment.

Additionally, the research firm expects the company to continue capitalizing on the expansion of the non-Endpoint Detection and Response module, which grew by over 40% year-over-year. TD Cowen is also confident that Flex and ReFlex customers are accelerating platform adoption.

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is a cybersecurity company recognized for its Falcon platform, which leverages artificial intelligence (AI) to prevent, detect, and respond to cyberattacks across endpoints, cloud workloads, identity, and data in real-time. Its services help organizations stop breaches by identifying and blocking malicious behavior through continuous monitoring and threat intelligence.

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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Disclosure: None. This article is originally published at Insider Monkey.