10 Stocks That Will Skyrocket

4. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Investors  in Q1 2024: 76

Date of Newsletter: July 9th

The next stock comes from Louis Navellier who believes that not only is its underlying technology the next big world changer but also shares that Amazon founder Jeff Bezos is involved in it. This technology is QaaS, or Quantum as a Service. This stock could be a “6-figure” payday, according to Navellier, and it was also “the first company to hit $1 billion in revenue” on Amazon’s AWS marketplace. It is also “one of the most profitable in the entire industry” so looks like we’ve got another jackpot on our hands.

This stock is CrowdStrike Holdings, Inc. (NASDAQ:CRWD). The firm’s revenue is expected to grow between 25% to 30% over the next couple of years, and it’s also got a high valuation which sits at 100x forward earnings. To boot, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s compounded annual growth rate (CAGR) for its revenue has been 70% since 2017, allowing it to grow its revenue from a mere $50 million to $3 billion.