Wall Street Analysts' Top Picks: 2 Artificial Intelligence (AI) Growth Stocks to Buy in 2024 and Hold Long Term
Wall Street seems excited about cybersecurity and artificial intelligence (AI) in 2024. Wedbush Securities analyst Dan Ives said he believes cybersecurity will be the best-performing sub-category in the technology sector this year. Similarly, Morgan Stanley analysts Hamza Fodderwala and Keith Weiss predict 2024 will be a "banner year for cybersecurity" due to elevated threats, regulatory tailwinds, and AI innovation.
Ives recently ranked (NASDAQ: CRWD) and Palo Alto Networks (NASDAQ: PANW) among his top picks for the year. Similarly, Fodderwala ranked both companies among the software vendors best positioned to benefit from generative AI. Those bullish sentiments warrant a closer look.
Here's what investors should know about these two AI-related growth stocks.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is an absolute favorite of our community with 105 Buy predictions and no Sell predictions.
As a result the target price of 341 € shows a slightly positive potential of 15.22% compared to the current price of 295.95 € for CrowdStrike Holdings Inc.
