Jim Cramer Shares Major Reason to Buy Crowdstrike (CRWD)

We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the stocks discussed by Jim Cramer.

Cybersecurity software provider CrowdStrike Holdings Inc. (NASDAQ:CRWD)’s shares are up by 5.5% over the past year and are down by 1.20% year-to-date. Baird discussed the firm on April 8th as it reiterated a Hold rating and a $460 share price target. The coverage came a couple of days after Benchmark had discussed CrowdStrike Holdings Inc. (NASDAQ:CRWD)’s stock on April 1st. It had initiated coverage with a $500 share price target and a Buy rating. According to Benchmark, the software firm is a good pick due to its ability to hold its ground against AI and strong financial performance. Cramer has also often touted the cybersecurity sector as being relevant in today’s AI-dominated market. He believes that firms such as CrowdStrike Holdings Inc. (NASDAQ:CRWD) stand to benefit from a growth in data usage due to AI and the emerging threats to American infrastructure from state actors. In this appearance, he discussed CrowdStrike Holdings Inc. (NASDAQ:CRWD) and AI firm Anthropic:

“I think that people want to buy Anthropic so badly. There’s a lot of ways to buy analogues to Anthropic. I would buy Crowdstrike, because I think Crowdstrike can save us from the craziness of what can happen.

“Now here’s a stock that I think we mention only peripherally. But you know Crowdstrike works with them about how to deal with these things. And Crowdstrike’s part of that project. And Crowdstrike, David, was at 566, and it’s 429,  I’d buy that. I would.”

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