Apps & Software

Russian Cyberattacks May Have Started: Goldman Sachs Has 6 Top Stocks to Buy Right Now

CrowdStrike’s platform is one of the few 100% cloud-based architectures and is uniquely positioned to displace incumbents with its platform breadth, including advanced detection and remediation capabilities.

Many analysts feel that the company is well positioned for sustainable success in a market in which the share leaders have failed to innovate. Outside of core endpoint security, most expect CrowdStrike can continue to drive strong multi-module adoption, leading to increased stickiness and better long-term positioning.

Goldman Sachs has a Neutral rating and a price target of $236. The higher consensus target for CrowdStrike stock is $269.31. The most recent close at $156.77 was down over 6% for the day.

Palo Alto Networks

This continues to be one of the most dominant players in the industry. Palo Alto Networks Inc. (NASDAQ: PANW) is helping to lead a new era in cybersecurity by protecting thousands of enterprise, government and service provider networks from cyber threats.

Unlike fragmented legacy products, the company’s security platform safely enables business operations and delivers protection based on what matters most in today’s dynamic computing environments: applications, users and content.

The Palo Alto Networks security platform has features that were introduced that help security professionals overcome the distractions and time spent on problems caused by the overwhelming volume of alerts and manual processes associated with operating many discrete security products, and, instead, expand breach prevention capabilities and boost operational efficiency.

The company recently posted solid results, and Goldman Sachs noted this:

Another quarter of solid execution as the company remains a consolidator in its markets. Palo Alto Networks delivered another quarter of solid, clean results as it continues to consolidate market share while optimizing its platform. Product revenue in the fiscal second quarter of 2022 grew over 20% year-over-year, NGS annual recurring revenue grew 70% year over year and total billings grew 32% year-over-year.

The Goldman Sachs price target on Palo Alto Networks stock is up at $650, while the consensus target is $620.58. The shares ended Tuesday trading at $525.15.

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