CrowdStrike Holdings (CRWD) shares dropped 12% due to Anthropic’s new “Code Security” solution causing a market selloff. The stock is now down over 25% from its year-to-date high. Despite this, long-term investors may find value in buying the dip as AI-driven attacks increase demand for CrowdStrike’s Falcon platform. CEO George Kurtz believes AI will expand the company’s market by creating vulnerabilities that require their solutions. Analysts maintain a “Moderate Buy” rating on CRWD with a mean target price of $555, suggesting a potential upside of over 55%. Options data also indicates a possible 17% rally in the next three months.

Read more at Barchart: CrowdStrike Hits Oversold Territory on Anthropic AI Launch. Should You Buy CRWD Stock on the Dip?