We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks discussed by Jim Cramer
Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s shares are up by 40% over the past year and by 44% year-to-date. Morgan Stanley discussed the firm on June 4th as it raised the share price target to $690 from $610 and kept an Overweight rating on the shares. The coverage followed CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s fiscal first quarter earnings, which saw it beat analyst revenue and EPS estimates.
In its coverage, Morgan Stanley remarked that while the earnings beat was impressive, the bigger story was CrowdStrike Holdings, Inc. (NASDAQ:CRWD) raising its net annual recurring revenue guidance to signal greater demand from artificial intelligence. Cramer has been one of the firm’s biggest proponents on the back of tailwinds created by the surging AI use cases. He discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in a series of tweets made on June 4th and June 5th: “I’m not going to tell you the selling isn’t exaggerated tonight in Broadcom and CrowdStrike.