The FBI’s Internet Crime Complaint Center received a total of about 792,000 complaints in 2020, with a reported loss exceeding $4.1 billion…
And about $1 billion of those losses were from seniors over the age of 60, which is terrible.
That’s a roughly $300 million increase from losses reported in 2020 versus 2019.
Garner Inc. (NYSE: IT), which is a great stock to trade by the way, says global spending on cybersecurity could exceed $150 billion in 2021. In fact, I just mentioned how Federal Reserve Chair Jerome Powell said cyber attacks are a bigger threat to the economy than COVID-19.
After the Colonial Pipeline, SolarWinds and JBS hacks, he finally has a leg to stand on…
Now, the stocks in this industry have been doing well so far this year, strongly outperforming most other sectors.
And I’ve found two particular cybersecurity stocks with more upside potential than most traders and investors might think…
2 Cybersecurity Stocks With Upside Potential
Cybersecurity attacks have created a BIG problem for President Joe Biden, pushing the issue to the top of his agenda.
So it shouldn’t be any surprise that the first cybersecurity stock with upside potential is SentinelOne Inc. (NYSE: S).
SentinelOne is a cybersecurity startup that aims to protect enterprises from ransomware and other malware threats.
It’s initial public offering this past June raised $1.2 billion and valued the company at about $10 billion, making it one of the largest IPOs for a cybersecurity stock ever.
SentinelOne is expected to hit $176 million in revenue for the fiscal year 2022.
It even has a one-year return of about 70% with nine strong buy recommendations.
I have a price target of $80 per share over the next 11 weeks if we continue to see significant cybersecurity threats, which should heat up thanks to global conflicts like Afghanistan.
But that’s just the first name on my list, so check out my short video to get the next cybersecurity stock with upside potential.
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For the first time in 76 years, a quiet federal regulation has blown the doors open for everyday traders to strike it rich in early stage investment opportunities.
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