1 No-Brainer Cybersecurity Stock You Must Own in 2024
Many investment trends are prevalent in the market, such as artificial intelligence (AI). One that I'm particularly excited about is cybersecurity. Many management teams are aware of the vulnerabilities in their systems and are taking action by deploying cybersecurity software to prevent costly ransomware and other attacks.
Of all the cybersecurity companies, one stands out as the best investment in 2024: CrowdStrike (NASDAQ: CRWD). CrowdStrike is a leader in the endpoint security space, which is useful for all potential clients. It also has other offerings, but a few other factors make it the best cybersecurity stock to own in 2024.
CrowdStrike has garnered multiple accolades for its cybersecurity suite, such as being named a leader in endpoint protection by Forrester Research. While this is its flagship product, CrowdStrike has products in many other areas, like cloud security, identity protection, and threat intelligence. Management believes that when all of its product lines are added together, it's about a $100 billion market opportunity. However, it expects this market to expand to $225 billion by 2028.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is an absolute favorite of our community with 106 Buy predictions and no Sell predictions.
As a result the target price of 342 € shows a positive potential of 20.74% compared to the current price of 283.25 € for CrowdStrike Holdings Inc.
