Truist Sees Strong AI-Driven Growth for CrowdStrike (CRWD)

CrowdStrike Holdings Inc. (NASDAQ:CRWD) ranks among the best hot AI stocks to buy right now. Truist Securities reaffirmed its Buy rating on CrowdStrike Holdings Inc. (NASDAQ:CRWD) and boosted its price target from $500 to $550 on September 18. The change comes after CrowdStrike’s Fal.Con conference, where the company gave information about its long-term operational assumptions, new solutions and features, total addressable market, and fiscal year 2027 targets.

Truist Securities stated that it remains impressed by CrowdStrike’s rate of innovation and thinks that the company is well-suited to take advantage of recurring tailwinds like artificial intelligence, vendor consolidation, and an increasingly unsafe environment.

Truist Securities stated that it remains impressed by CrowdStrike’s rate of innovation and thinks that the company is well-suited to take advantage of recurring tailwinds like artificial intelligence, vendor consolidation, and an increasingly unsafe environment.

CrowdStrike Holdings Inc. (NASDAQ:CRWD) is a pioneer in cloud workload and endpoint protection powered by AI.

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.