10 AI Stocks You Need to Watch: News & Ratings

8. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection. On March 19, Bank of America Securities maintained a “Buy” rating on the stock with an associated price target of $420.00. The firm is optimistic about Crowdstrike’s potential for future growth after it came away from a meeting with the company’s CFO and Chief Accounting Officer. Liani noted measures taken by Crowdstrike to deal with the July outage, including the Customer Commitment Package and expansion of Falcon Flex deals.

These measures are anticipated to boost Crowdstrike’s position. Meanwhile, the management is also optimistic about a rebound in net new annual recurring revenue (nnARR) in the latter half of the year backed by growth in Cloud Security and Identity Security. The addition of new platform pillars, such as CharlotteAI, as well as the robust performance of Cloud Security and Identity Security, is further anticipated to boost the company’s growth. The firm also noted how 60% of Falcon Flex dollars have already been utilized ahead of schedule, reflecting strong growth potential upon renewal.