CrowdStrike remains a buy after strong rally, Terranova says
CrowdStrike stock gains momentum as AI drives cybersecurity demand and risk. See why bullish sentiment may still support further upside after recent pullback.
CrowdStrike Holdings is still drawing bullish attention after a sharp gain since April, according to Virtus Investment Partners chief market strategist Joe Terranova on CNBC's "Halftime Report".
Terranova said demand for cybersecurity tools remains strong as companies adopt more artificial intelligence, increasing concerns about software vulnerabilities and hacking risks. He said he is buying the stock's momentum and sees room for further upside.
The article noted that CrowdStrike has risen about 83% since April 10, while the broader Global X Cybersecurity ETF has also advanced. Even after recent profittaking and a pullback from its June 1 high, Terranova argued that sentiment around the stock has improved and may support another move higher.