15 AI Stocks on Wall Street’s Radar

Page 9 of 15

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

Number of Hedge Fund Holders: 74    

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. The firm is harnessing artificial intelligence to streamline and strengthen cyber protection. On November 27, BMO Capital raised the price target on the stock to $380 from $315 and kept an Outperform rating on the shares. Crowdstrike’s results were reasonable, though net new annual recurring revenue upside and implied January quarter ARR likely fell slightly short of consensus expectations, the advisory tells investors in a research note. The ongoing headwinds from more customer commitment packages will likely move consensus ARR estimates lower for the next few quarters, but management continues to execute well, BMO says.

Page 9 of 15