2 Super Cybersecurity Stocks (Other Than CrowdStrike) to Buy Hand Over Fist Today
According to research firm McKinsey, the corporate sector is poised to spend $213 billion on cybersecurity software in 2024. However, that isn't nearly enough to defend against what Cybersecurity Ventures believes will be $9.5 trillion worth of damage caused by cybercrime throughout the year.
McKinsey believes companies should be collectively spending $2 trillion each year instead, which leaves a gap of $1.8 trillion. That spells opportunity for cybersecurity vendors, because the sheer cost of cyberattacks will push an increasing number of businesses to invest more heavily in protection.
CrowdStrike (NASDAQ: CRWD) is the second-largest cybersecurity vendor in the world, with a market capitalization of $91 billion. However, it's growing its revenue twice as fast as the current leader, Palo Alto Networks, and could soon snatch first place considering its stock skyrocketed 147% in the past year alone.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 157 Buy predictions and 1 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 323 € there is a positive potential of 28.71% for CrowdStrike Holdings Inc compared to the current price of 250.95 €.
