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CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks on Wall Street’s RadarOn July 17, Macquarie analyst Steve Koenig initiated coverage on the stock with a “Neutral” rating and a price target of $465. According to the firm, Crowdstrike’s product strategy can continue driving sales momentum and product differentiation.

However, the analysts told investors in a research note that the company’s valuation looks “rich on a variety of metrics” at current share levels.

In particular, the firm highlighted that CrowdStrike is trading at a 58% premium to their estimated “Rule of X” enterprise value to next-twelve-months revenue multiple.

CrowdStrike (CRWD) Initiated at ‘Neutral’ by Macquarie on Valuation Concerns

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.

While we acknowledge the risk and potential of CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.