5 Best Up And Coming Stocks To Invest In

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

Number of Hedge Fund Holders: 72

A Buy rating was reiterated on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares by Alex Henderson at Needham on July 14. He also maintained a $170 price target on the stock.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is another cloud-based cybersecurity company on our list. It uses big data and artificial intelligence to detect cyber threats and prevent them.

In the first quarter, 72 hedge funds were long CrowdStrike Holdings, Inc. (NASDAQ:CRWD). Their total stake value was $2.4 billion.

Artisan Partners mentioned CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its first-quarter 2023 investor letter:

“Top contributors to performance for the quarter included graphics semiconductor company Nvidia, Southeast Asian e-commerce platform Sea, Latin American marketplace MercadoLibre, online travel marketplace Airbnb, and endpoint security company CrowdStrike Holdings, Inc. (NASDAQ:CRWD). CrowdStrike rebounded as its financial results eased demand-related concerns in its core endpoint business, while adoption in platform adjacencies continued to rise.”

See also 12 Under-the-Radar Stocks That Are on The Move and 10 Undervalued Canadian Stocks To Invest In.