1 Unstoppable Growth Stock to Buy in 2024 That Could Reach the $1 Trillion Club by 2040
With its share price rising by 190% over the last year, CrowdStrike (NASDAQ: CRWD) may have investors feeling like they've already missed their opportunity to buy. However, with the cybersecurity juggernaut expected to grow sales by 39% over the next year, growth remains abundant -- and there is no obvious sign of a significant slowdown ahead.
Buoyed by clear megatrends in the cybersecurity industry that could last for decades and beyond (the global cost of cybercrime is expected to double by 2028), the company deserves consideration from long-term investors. Sporting a market capitalization of $68 billion, CrowdStrike would need annualized returns of 18% to reach the $1 trillion club by 2040.
While that figure would outpace the S 500 index's average total return of 12% annually, here's why CrowdStrike looks like a strong contender to reach the $1 trillion mark with enough time.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 160 Buy predictions and not a single Sell prediction CrowdStrike Holdings Inc is an absolute favorite of our community.
With a target price of 325 € there is a positive potential of 29.59% for CrowdStrike Holdings Inc compared to the current price of 250.8 €.
