15 AI News Making Waves Right Now

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

Market Capitalization: $84.07 billion

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity technology company that uses artificial intelligence to automate and improve cyber protection, learning from more than 2 trillion incidents every day to enhance accuracy.

On Monday, November 18, Truist raised the firm’s price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $375 from $325 and kept a “Buy” rating on the shares. The analyst, rating the stock as part of a broader research note previewing Q3 results for the Infrastructure & Security Software names, notes that buyer behavior has been stabilizing and the firm is focused on visibility into 2025 when generative AI projects will have a “rubber meets the road” moment. In particular, the firm believes that Crowdstrike’s recent challenges, especially its global IT outage on July 19th, may lead to lower upsell revenue. There may also be a greater-than-normal decrease in business/ revenue due to longer-than-usual subscription durations following its global IT outage.

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