Adrian Johnson
TLDR:
Zscaler Inc, CrowdStrike Holdings, and Tenable Holdings are three cybersecurity stocks with “Strong Buy” ratings worth considering. The global cybersecurity market is projected to grow, making these stocks potentially lucrative investments.
Full Article:
In the era of digitization and AI-driven advancements, cybersecurity has become crucial for businesses worldwide. Global cybersecurity spending is projected to increase, with the market expected to expand significantly in the coming years.
Zscaler Inc (ZS):
- ZS is a cloud-based internet security platform valued at $27.3 billion.
- Revenue increased by 35% year over year in fiscal Q2, beating Wall Street projections.
- Consensus “Strong Buy” rating with an average price target of $255.06, indicating a potential upside of 39.1%.
CrowdStrike Holdings, Inc. (CRWD):
- Market cap stands at $74.7 billion with shares soaring by 146.8% over the past 52 weeks.
- Revenue growth and positive earnings are driving the stock with a projected revenue range of $3.92 billion to $3.98 billion for fiscal 2025.
- Consensus “Strong Buy” rating with an average price target of $391.20, indicating a potential upside of 24%.
Tenable Holdings Inc (TENB):
- Specializes in exposure management solutions with a market cap of $5.6 billion.
- Better-than-expected Q4 results with revenue growing by 16% year over year.
- Consensus “Strong Buy” rating with an average price target of $57.60, indicating a potential upside of 19.2%.
