From Nasdaq: 2025-05-21 10:42:00

Market momentum has accelerated, with sectors like battery tech, utilities, AI infrastructure, and cybersecurity showing remarkable strength. Top-performing stocks in cybersecurity, such as Zscaler, Fortinet, and CrowdStrike, are trading near record levels. CrowdStrike’s chart shows a bullish setup with potential for a breakout above $450, triggering momentum buying.

Despite a sky-high valuation, CrowdStrike remains a strong growth story in cybersecurity. The stock trades at 867x earnings and a forward P/E of 95. Institutional investors have heavily bought into CrowdStrike, with $12.4 billion in inflows over the past 12 months. Analysts have a Moderate Buy consensus, but the average price target suggests an 8.75% downside.



Read more at Nasdaq:: CrowdStrike Near Breakout: Is Now the Time to Buy?