CrowdStrike: S&P 500 Inclusion Doesn't Justify Its Expensive Investment Thesis - Upgrade To Hold

takasuu CRWD Valuation Grade We previously covered CrowdStrike Holdings (NASDAQ:CRWD) in March 2024, discussing how the generative AI hype had gone into overdrive, as the global demand for generative AI-related services rose with the cybersecurity company also reporting an accelerated top/ bottom line growth. However, with the stock hitting frothy heights of over 90x in FWD P/E valuations and the market nearing extreme greed then, we believed that there might be more volatility in the near-term, with us sim ...