Jim Cramer Believes CrowdStrike Stock Could Go “Much Higher”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks that Jim Cramer expressed thoughts on. During the lightning round, an investing club member questioned why the stock is volatile, and Cramer remarked:

“Okay… All the cybersecurity stocks are the same way. But I think, I believe in George Kurtz. I think that stock goes higher, maybe even much higher.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions that safeguard endpoints, identities, and data. The company’s AI-driven services include threat detection, vulnerability management, and automated security operations. During the September 9 episode, Cramer called the stock a “crouching tiger,” as he commented:

“You bet it is, and I think George is doing, I’m speaking here of George Kurtz, there’s a great interview by the way, Yahoo Finance, just tells you all that you need to know. I think CrowdStrike is in, I think it’s a crouching tiger. That’s what I think it is, and I’m thinking this stock is a $500 stock. That’s how much I like CrowdStrike.”

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Disclosure: None. This article is originally published at Insider Monkey.