Crowdstrike Holdings Inc. (CRWD) Rated as a 'Buy' at Truist Securities

Crowdstrike Holdings Inc. (NASDAQ:CRWD) is one of the best tech stocks to buy for the long term. On September 8, Truist Securities reiterated a ‘Buy’ rating on the stock and a $500 price target. The positive stance follows the stock’s impressive run, marked by a 71% gain over the past year.

Truist Securities remains bullish about the company’s prospects following a meeting with CFO Burt Podbere. The executive reiterated optimism about growth in the second half of the year, supported by acceleration in net new annual recurring revenue. The increase will be driven by the strength of emerging businesses and the effectiveness of the Flex licensing model.

CrowdStrike aims to achieve $10 billion in total annual recurring revenue by 2031.  Consequently, it remains open to mergers and acquisitions as it looks to unlock new growth opportunities and expand its footprint.

Crowdstrike Holdings Inc. (NASDAQ:CRWD) is a global cybersecurity company providing cloud-delivered protection for endpoints, cloud workloads, identity, and data through its AI-powered Falcon platform. The company focuses on stopping cyberattacks and breaches by collecting and integrating data across an enterprise and offering various cloud modules via a subscription-based software-as-a-service (SaaS) model.

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.