2 Cybersecurity Stocks You Can Buy and Hold for the Next Decade
The cybersecurity industry has been expanding at a healthy pace over the years. This isn't surprising considering the rising adoption of cloud computing and connected devices, the escalation in cyberattacks, and the growing sophistication of cyber threats.
It goes some way to explain why expects global cybersecurity spending to increase 14.3% in 2024 to almost $215 billion. That's after cyber spending jumped 10.6% last year. The cybersecurity market is expected to keep expanding at a nice pace over the next decade, generating a projected $534 billion in revenue in 2032.
Considering the secular growth opportunity on offer, buying and holding the right cybersecurity stocks for the next decade could turn out to be a profitable move. That's why now would be a good time to take a closer look at SentinelOne (NYSE: S) and Datadog (NASDAQ: DDOG), two companies that are on track to take advantage of different, but fast-growing cybersecurity niches.
Source Fool.com
Gartner Inc. Stock
With 7 Buy predictions and not the single Sell prediction the community is currently very high on Gartner Inc..
With a target price of 460 € there is a slightly positive potential of 18.89% for Gartner Inc. compared to the current price of 386.9 €.
