tech
This cybersecurity stock is up 80% since April. Joe Terranova says it's still a buy
CrowdStrike Holdings still has room to run, even after soaring more than 80% since April 10, according to investor Joe Terranova.
TL;DR
- CrowdStrike Holdings is still considered attractive by Joe Terranova despite an 83% rally since April 10.
- Strong demand for cybersecurity solutions is fueled by concerns over AI adoption and potential software hacks.
- The unveiling of Anthropic's new AI model, Mythos, on April 7, heightened fears of more frequent and damaging software hacks.
- CrowdStrike's stock is currently trading below its 52-week high, presenting a potential buying opportunity.
- Terranova emphasizes the power of bullish sentiment and believes CrowdStrike is poised for further gains.