2 Tech Stocks That Can Thrive in a Recession
The U.S. economy has been spared a post-pandemic recession so far, but that may not remain true forever. Inflation remains peskily high, and all signs point to higher interest rates for a longer time. Add in the return of student-loan payments and dwindling household savings, and you have a recipe for an unpredictable economic environment.
Few companies are entirely immune from recessions, but some will hold up better than others. Cybersecurity provider CrowdStrike (NASDAQ: CRWD) and tech giant International Business Machines (NYSE: IBM) will certainly feel some pain, but they're capable of performing well against a tough economic backdrop.
When economic uncertainty looms, businesses often start looking for ways to cut costs. One line item that is unlikely to be anywhere near the top of the list is cybersecurity. The potential cost of phoning it in is just too high.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 139 Buy predictions and 2 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 340 € there is a positive potential of 39.4% for CrowdStrike Holdings Inc compared to the current price of 243.9 €.
