Investing in cybersecurity stocks has never been more important, especially in a world where remote work is becoming the norm. One company that stands out in the industry is Crowdstrike (CRWD), a best-in-class cybersecurity leader that is showing strong relative strength and momentum compared to its competitors.
Despite being richly valued, Crowdstrike is poised for a technical breakout from resistance. With the rise of generative AI and cloud computing, the cybersecurity industry is set for continued growth, and Crowdstrike is well-positioned to benefit from these trends.
According to a recent outlook from Morgan Stanley, Crowdstrike’s market cap could reach $100 billion, with a price target of $422. However, Elliott Wave analysis suggests that the stock could climb even higher, targeting an upside cluster of Fibonacci ratios ranging from $410 to $544 in the next 6 to 12 months.
At Extreme Investor Network, we see Crowdstrike as a key player in the next industrial revolution, as mentioned by Nvidia’s Jensen Huang. That’s why we hold a 2% allocation in our Tactical Alpha Growth portfolio and have recently increased our exposure to the stock.
As experts in investing, we believe that cybersecurity stocks like Crowdstrike have significant long-term potential and could lead investors safely through the coming revolution. With our unique insights and analysis, readers can trust Extreme Investor Network to provide valuable information for making informed investment decisions.
Remember, investing always comes with risks, and it’s important to do your own research or consult with a financial advisor before making any decisions. For more information and our full disclaimer, visit Extreme Investor Network today.