Recommendation to take profits following CrowdStrike stock surge and high valuation
- 1CrowdStrike shares have nearly doubled this year.
- 2CrowdStrike's revenue growth rate of 26% over the past year is slower than major AI companies.
- 3Keith Dring said that because the stock has become very expensive, now may be the time to reduce holdings and realize profits.
So what's the key point?
CrowdStrike shares have nearly doubled this year. Since the stock price has become expensive relative to earnings, it is a time to sell shares and take profits.
Source The Motley Fool +1 · View original ↗
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