Wells Fargo recommends investors focus on vendors that can maintain the trifecta of revenue growth, profitability, and free cash flow and are skewed toward the highest spending priorities. Therefore, the firm’s Top Picks for 2024 are Crowdstrike (CRWD) and Zscaler (ZS). Wells raised its price target on the former to $315 from $250, and on the latter to $275 from $225. The firm has Outperform ratings on both stocks.
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