Cybercrime Costs Are Soaring Toward $20 Trillion: 2 Magnificent Growth Stocks to Buy Now and Hold Forever
Damages inflicted by cybercrime will total $11.5 trillion this year, according to Statista, but cloud migration and the proliferation of connected devices could push that figure north of $23 trillion by 2027. Not surprisingly, enterprises are redoubling their efforts to safeguard sensitive data.
In the third quarter, cybersecurity software saw the largest spending increase of any IT product category, according to a survey from Morgan Stanley. That is particularly interesting because artificial intelligence has dominated headlines this year, but businesses are actually more focused on improving their security posture.
Investors can capitalize on that opportunity by building a basket of cybersecurity stocks within their portfolios. Here's why CrowdStrike Holdings (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS) belong in that basket.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 141 Buy predictions and 2 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 322 € there is a positive potential of 48.22% for CrowdStrike Holdings Inc compared to the current price of 217.25 €.
