Why Crowdstrike Stock is about to hit $400 a share

Jeff Siegel

Written By Jeff Siegel

Posted June 10, 2024

Crowdstrike Stock is one we’ve been following for a long time. 

crowdstrike stock

If you’re unfamiliar, Crowdstrike (NASDAQ: CRWD) has developed one of the most advanced cybersecurity platforms in the world.  The stock has done extraordinarily well over the past year and half, gaining as much as 270% since January, 2023.  That’s not trivial.

crowdstrike chart

And last week, the company reported extremely positive Q1 results, beating on revenue and profits.  The news even sent other cybersecurity stocks north on the same day. Cloudflare (NYSE: NET) was up 3.7%, Zscaler (NASDAQ: ZS) up 3.5% and Palo Alto Networks (NASDAQ: PANW) up about 2%.

Of course, overall, the value of cybersecurity companies has absolutely soared over the past few years.  This, as the result of new predictions showing cybercrime costing the world $9.5 trillion in 2024 alone.  According to Cybersecurity Ventures, if cybercrime were measured as a country, it would be the third largest economy after the United States and China.

The statistics paint a grim picture — a 67% increase in ransomware attacks, a 45% increase in phishing attempts, and a 32% increase in data breaches.  These numbers are staggering and serve as a stark reminder of the very real threat posed by cybercriminals.

Truth is, the entire global economy is woefully unprepared for the scope of cybercrime-related liabilities that are approaching.  A serious social and economic crisis in the making, to be sure.  But also one hell of an opportunity for cybersecurity stocks.  

Crowdstrike Stock for the Win

There is no industry today that is not heavily reliant on cybersecurity.  But nowhere is this more pronounced than the critical infrastructure systems that support things like energy, financial services, transportation, food distribution, and healthcare. 

Indeed, this is a constant and very serious threat.  After all, what happens if cybercriminals are successful in taking down our grid, our transportation logistics systems, and our financial system — at the same time?

Years ago, in order for an enemy nation to attack us, it would need to send troops to our shores.  Today, an entire country can be taken down from thousands of miles away, using little more than a laptop and an Internet connection.  

And this isn’t hyperbole.  Imagine for a moment, a well-coordinated cyberattack that simultaneously shuts down our electrical grid, critical communications systems, and financial services.  What would happen?

People freak out if Instagram or Twitter goes down.  But what if all the ATMs stopped working?  What if every payment processor in the country is hijacked and can’t process mortgage payments, cash advances, and basic credit card transactions at grocery stores and gas stations? 

What happens if the power goes down in Arizona during the summer, when it’s 120 degrees Fahrenheit and there’s no air conditioning or refrigeration?  Or it’s -10 degrees Fahrenheit in Vermont or Iowa, and there’s no way to keep warm?  People could literally die.  

Cybercrime isn’t just about blackmailing tech companies or stealing your credit card number.  This is quite literally an existential threat to the entire world.  So it should come as no surprise that a company like Crowdstrike would be doing so well right now.  Particularly given its technological advantages over its competitors.

While Crowdstrike stock has been crushing it since 2023, it definitely has even more room to run.  I actually believe it’ll hit $400 a share by the end of the year.  That’s a potential gain of 16%.  Not bad. 

Of course, not everyone got in early on Crowdstrike stock. And if you don’t find a 16% gain worth your time, consider checking out this new government stimulus stipends program that’s paying as much as $8,000 per quarter.

The entire thing is based around government-funded real estate programs that allow you to wet your beak from leasing revenues all across the country.  

Now I have to be honest.  I’ve never been shy to criticize government stimulus programs. But I’ve also never been shy to turn away a quick buck.  And if the government is willing to hand over $8,000 per quarter, of course I’m going to take it.  You should, too.  So to help you get some of this action for yourself, I’m including a link to this report that shows you exactly how you can start claiming thousands of dollars in new government stimulus spending today.

To a new way of life and a new generation of wealth…

Jeff Siegel Signature

Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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