CrowdStrike's Soaring Cash Flow Makes It a Top Cybersecurity Pick
Cybersecurity is a top priority for companies. It has to be, with an estimated 500 million cyberattacks worldwide last year. Endpoints (anything that connects to a network, such as laptops, desktops, and cellphones) are the source of 90% of successful attacks, according to IBM. This means companies will spend a good chunk of their IT budgets on cybersecurity, particularly securing those endpoints, recession or not.
(NASDAQ: CRWD) is the market share leader in endpoint protection. This is why it has been one of my top tech picks for quite a while. The stock is up 75% year to date, but long-term investors can still consider the stock. Here's why.
Growth stock investing is tricky. Some investors shy away because these companies are often unprofitable or have sky-high price-to-earnings (P/E) ratios once they turn a small profit. But many of the world's most successful companies and investments (like Tesla, Amazon, Meta, and Alphabet) were unprofitable for years after their initial public offerings.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 138 Buy predictions and 2 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 336 € there is a positive potential of 38.33% for CrowdStrike Holdings Inc compared to the current price of 242.9 €.
