CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the best cybersecurity stocks to buy right now. On August 28, TD Cowen reiterated a ‘Buy’ rating on the stock and a $500 price target. The research firm’s positive stance follows the company’s solid second-quarter fiscal 2026 results, which affirmed strong demand for cybersecurity solutions.
The cybersecurity firm delivered $221 million in net new annual recurring revenue, representing a 1% year-over-year increase. In addition, management issued guidance for the second half of the year, signaling confidence in continued growth. TD Cowen expects the growth momentum to continue amid a stabilizing macroeconomic environment.
Additionally, the research firm expects the company to continue capitalizing on the expansion of the non-Endpoint Detection and Response module, which grew by over 40% year-over-year. TD Cowen is also confident that Flex and ReFlex customers are accelerating platform adoption.
CrowdStrike Holdings Inc. is a cybersecurity company recognized for its Falcon platform, which leverages artificial intelligence (AI) to prevent, detect, and respond to cyberattacks across endpoints, cloud workloads, identity, and data in real-time. Its services help organizations stop breaches by identifying and blocking malicious behavior through continuous monitoring and threat intelligence.
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This article is originally published at Insider Monkey.
