Why Stifel Just Boosted Its Price Target on CrowdStrike Holdings, Inc. (CRWD) Stock

We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other best AI stocks on latest news and ratings.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection. On May 22, Stifel analysts, led by Adam Borg, maintained a “Buy” rating on the stock and adjusted the price target to $480 from the previous $435. The analyst’s assessment reveals that Crowdstrike continues to demonstrate strong market positioning and strategic growth potential as the market awaits its fiscal Q1 earnings on June 3.

The analyst told investors that the survey worked have demonstrated that the percentage of resellers growing their CrowdStrike practices improved quarter-over-quarter. However, the percentage of resellers outperforming or coming in line fell quarter-over-quarter as underperformance levels ticked higher.

Overall, CRWD ranks 5th on our list of best AI stocks on latest news and ratings. 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.