Crowdstrike Holdings Inc. (CRWD) Rated as a ‘Buy’ at Truist Securities

Core Viewpoint - Crowdstrike Holdings Inc. is considered one of the best long-term tech stocks to buy, with a strong performance marked by a 71% gain over the past year and a 'Buy' rating from Truist Securities with a $500 price target [1][2]. Group 1: Company Performance and Outlook - Truist Securities remains optimistic about Crowdstrike's growth prospects, particularly in the second half of the year, driven by an acceleration in net new annual recurring revenue [2]. - The company aims to achieve $10 billion in total annual recurring revenue by 2031 and is open to mergers and acquisitions to unlock new growth opportunities [3]. Group 2: Business Model and Services - Crowdstrike is a global cybersecurity company that provides cloud-delivered protection for endpoints, cloud workloads, identity, and data through its AI-powered Falcon platform [4]. - The company focuses on preventing cyberattacks and breaches by integrating data across enterprises and offering various cloud modules via a subscription-based software-as-a-service (SaaS) model [4].