Bank of America Says CrowdStrike Earns a ‘Buy’ Rating as Recovery Gains Momentum

In this digital age, in which cybersecurity threats are rapidly evolving, companies that provide digital protection are more important than ever. Valued at $89.8 billion, CrowdStrike Holdings (CRWD) is one of today’s most well-known cybersecurity companies. While the stock surged 147.2% in 2023, 2024 was a more difficult year, with the stock gaining just 38.6%. A faulty software update in July caused roughly 8.5 million Microsoft Windows systems to crash worldwide. CrowdStrike quickly identified and resolved the issue, and it has implemented recovery measures to regain customer’s trust.

Recently, Bank of America Securities analyst Tal Liani reaffirmed CrowdStrike’s “Buy” rating, citing the company’s key strategic and financial initiatives aimed at strengthening its market position following the July outage. CRWD stock is up nearly 9% in the year to date, compared to the S&P 500 Index’s ($SPX) dip of 2%.