Analysts See Growth Potential in CrowdStrike, Dell, SanDisk Amid Market Volatility
Despite ongoing geopolitical uncertainty and soaring bond yields that have weighed on global markets this past week, top Wall Street analysts remain bullish about several stocks' long-term growth potential. Analysts at TipRanks, a platform that ranks professionals based on their performance, highlight three stocks with promising prospects.
CrowdStrike Holdings (CRWD) is one of the favored stocks, with analyst Junaid Siddiqui predicting another strong quarter ahead of its fiscal second-quarter earnings release on August 26. The company's impressive first-quarter results and guidance raise have contributed to Siddiqui's optimism, as well as continued strength in Falcon Flex adoption and large deal activity.
Dell Technologies (DELL) has also gained favor among analysts, with shares up 251% this year due to strong demand for AI servers. Evercore analyst Amit Daryanani believes the company's Storage business is underappreciated but well-positioned to drive revenue and profit acceleration once enterprises start bringing workloads back on-premises.
SanDisk (SNDK) is benefiting from AI-driven demand for its memory and storage products. J.P. Morgan analyst Harlan Sur resumed research coverage of SNDK with a buy rating, citing the company's New Business Model framework, growing NAND market, and technology dominance as key factors driving his optimism.