Keep an eye on wildly oversold shares of CrowdStrike (CRWD).
After plunging from about $380 to $258, it appears most of the latest negativity has been priced into the crushed cybersecurity stock. Helping, Bank of America just reiterated a buy rating on the stock with a $365 price target.
“We flag the high quality and efficacy of CrowdStrike’s cloud-based solution and note that the issue was related to an error to a simple update process that caused major disruptions yet did not change the technical leadership of CrowdStrike or the value of its solutions,” they added.