There is no doubt that cyber attacks are costing companies millions of dollars every year. This in turn has created a solid demand for cybersecurity. Healthcare, financial services, and industrials have increased their spend making sure that their software’s and systems are hack proof.
While cybersecurity stocks are definitely not recession-proof, but they are certainly recession-resistant. Cyber security companies will be some of the last ones to slow down in an economic downturn, but they’ll also be the first ones to recover. Some of the stocks in the cyber security space to keep on top of the radar include CrowdStrike Holdings, Inc. (NASDAQ:CRWD). The latest price target for CrowdStrike Holdings (NASDAQ: CRWD) was reported by Wedbush on Thursday, December 15, 2022. The analyst firm set a price target for 135.00 expecting CRWD to rise to within 12 months (a possible 34.11% upside). 84 analyst firms have reported ratings in the last year.
VMware (NYSE:VMW), GitLab (NASDAQ:GTLB), Tenable Holdings (NASDAQ:TENB), A10 Networks (NYSE:ATEN) and KnowBe4 (NASDAQ:KNBE).