Latest news with #CatherineTrebnick
Yahoo
2 days ago
- Business
- Yahoo
Rosenblatt Maintains Buy on OneSpan (OSPN) Despite Hardware Revenue Weakness
OneSpan Inc. (NASDAQ:OSPN) is one of the most undervalued cybersecurity stocks to buy now. On August 6, Rosenblatt analyst Catherine Trebnick maintained her rating on OneSpan Inc. (NASDAQ:OSPN), while lowering the price target to $17 from $20. However, the current price target still represents a 23% upside from the current market price of $13.82. Trebnick reduced the company's revenue outlook after the management said that it expects the softness in its hardware business to persist in the second half of this year. The hardware business accounts for nearly a third of the company's revenue as of the end of 2024. An executive in a meeting room surrounded by digital screens discussing data security requirements. The company reported a revenue of $59.84 million in Q2, a 1.77% decline on a year-over-year basis. However, the company's net income rose to $8.34 million, a 27.3% increase from the same quarter last year. That said, the company's net margin narrowed from the previous quarter from 22.89% to a still healthy 13.94%. OneSpan Inc. (NASDAQ:OSPN) is a leader in digital identity and authentication solutions. The company is seeing a strategic transformation through product innovation and targeted M&A. The stock is a great option for growth-oriented investors through its focus on authentication without the need for a password, enterprise integration, and digital workflows. While we acknowledge the potential of OSPN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Battery Technology Stocks to Buy Right Now and 10 Best Military Tech Stocks to Buy Now Disclosure: None.
Yahoo
06-06-2025
- Business
- Yahoo
CrowdStrike (CRWD) Price Target Raised to $515 as AI Cybersecurity Demand Soars
We recently published a list of . In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other AI stocks on Wall Street's radar. On June 2nd, Rosenblatt analyst Catherine Trebnick raised the price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $515.00 (from $450.00) while maintaining a 'Buy' rating. The price target revision reflects the firm's optimism about Crowdstrike's future financial outlook. According to the analysts, the growing trend toward IT consolidation is improving Crowdstrike's performance. Annual recurring revenue (ARR) and revenue growth are anticipated to align with market estimates, projecting a 21% and 20% increase, respectively. The firm further noted how businesses, despite being careful with spending, are choosing Crowdstrike for its comprehensive AI-powered security solutions. Security personnel at their consoles, monitoring a global network of threats in real-time. Crowdstrike's Q1 report is anticipated today, June 3rd, with analysts estimating an 'inline to marginally better quarter, fueled by the persistent IT consolidation trend.' The firm also noted how its increased target multiple on the shares is backed by the 31% expansion in cybersecurity sector multiples over the past two months, as well as optimism in Crowdstrike's 'strong execution and broad platform tailored to the key IT consolidation trend.' CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
