Top Wall Street analysts prefer these three stocks for the long haul
Investors' worries about the prospect of higher-for-longer interest rates have made a comeback, pulling the major averages lower this past week.
Even as markets seem turbulent for now, it's key for investors to keep a long-term focus and to find stocks that can offer attractive returns for years to come.
With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
This week's first stock pick is cybersecurity provider CrowdStrike (CRWD). The company recently impressed investors with strong quarterly results and upbeat guidance. It also announced that it would acquire Flow Security, which provides cloud data runtime security solutions.
Mizuho analyst Gregg Moskowitz highlighted that CrowdStrike is experiencing solid traction for its Falcon Cloud Security, Identity and next-gen LogScale SIEM (security information and event management) offerings, with management disclosing that these products collectively contributed more than $850 million to annual recurring revenue.
The analyst also noted that the company closed several large transactions in the fourth quarter, including more than 250 deals with a value of greater than $1 million. Additionally, deal volume surged 30% year over year across all customer cohorts.
Explaining his bullish stance, Moskowitz said, "CRWD's cloud platform remains very differentiated, its GTM [go-to-market] is unrivaled," and the company is witnessing more success beyond the traditional endpoint security markets.
The analyst views CrowdStrike as a generative artificial intelligence beneficiary. Moskowitz reiterated a buy rating on CRWD stock and raised the price target to $390 from $360.
Moskowitz ranks