5 Best Up-and-Coming Stocks to Buy Now

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

Revenue Growth in Q1 2022: 61.08%

Revenue Growth in Q2 2022: 58.47%

Revenue Growth in Q3 2022: 52.84%

Number of Hedge Fund Holders: 85

Another up-and-coming stock to buy now is cybersecurity leader CrowdStrike Holdings, Inc. (NASDAQ:CRWD). The company is a leading provider of cloud-delivered endpoint and workload protection solutions. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is well-positioned to capitalize on the growth opportunities in the cyber security space. The company has delivered top-line revenue growth in 2022 and has reportedly grown its quarterly revenue by over 50% year over year, on average, in the first three quarters of 2022.

On November 29, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) posted market-beating earnings for the fiscal third quarter of 2023. The company reported an EPS of $0.40 and outperformed EPS estimates by $0.08. The company’s revenue for the quarter amounted to $580.88 million, up 52.84% year over year, and beat Wall Street consensus by $5.82 million.

This January, Piper Sandler analyst Rob Owens revised his price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $170 from $175 and remained Overweight on the shares.

At the end of Q3 2022, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was spotted on 85 investors’ portfolios that disclosed positions worth $2.97 billion in the company. Of those, Matrix Capital Management was the most prominent investor and held a position worth $494.43 million.