Was Jim Cramer Right About CrowdStrike Holdings, Inc. (CRWD)?

We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 16, Mad Money’s Jim Cramer doubled down on his long-time bullish stance on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), citing both strong fundamentals and a bullish technical setup identified by chartist Dan Fitzpatrick, who saw the cybersecurity leader entering a new leg higher.

“Of course it doesn’t hurt that it is a company with unbelievably strong execution, and I’ve got to tell you, the stunning numbers we have seen from it in the last quarter just tell me — look out to the upside. […] The bottom line? The charts, interpreted by Dan Fitzpatrick, suggest that CrowdStrike’s next leg higher is just getting started — and he’s betting the stock’s got a lot more room to run in this new market. I think he’s probably right. And as far as the fundamentals? Wow — this just delivers, delivers, and delivers.”

CrowdStrike continued to deliver for investors, with a 29.55% gain reinforcing Cramer’s long-held bullish view. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is riding the cybersecurity megatrend with consistent earnings beats and strong momentum in enterprise adoption.

Cramer maintains the opinion that Crowdstrike is a terrific stock. Here’s what he said following the company’s earnings in May:

“I think for the long term it’s terrific. We had to take some profits out of it too because it just got too big, but I think George Kurts is delivering an amazing product and I think he’s got a lot to say. He’s giving a speech tonight. I think Crowdstrike is terrific.”

Overall, CRWD ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWD and that has 100x upside potential, check out our report about this cheapest AI stock.

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