CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the AI Stocks on Wall Street’s Radar. On 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 Holdings, Inc. is a leader in AI-driven endpoint and cloud workload protection.
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