Dave Sekera, chief U.S. market strategist for Morningstar, is bullish on one nook of tech that he says is ready to expertise “a few of the strongest long-term secular progress.” That is cybersecurity, he advised CNBC’s “Squawk Field Asia” on Thursday. “Between geopolitical dangers, ransomware and hacking, this is only one space that is going to have quite a lot of secular progress,” Sekera mentioned. In relation to cybersecurity, “administration won’t be prepared to attempt to lower prices,” he mentioned, because it varieties a small share of IT budgets and but firms would incur big prices in the event that they had been to fall to cyber threats. Sekera names one inventory that he says is buying and selling at a couple of 25% low cost to Morningstar’s truthful worth estimates: CrowdStrike . “CRWD is positioned to profit as shoppers look to consolidate their cybersecurity protection to at least one vendor that has a broad vary of safety options,” he mentioned in a be aware despatched to CNBC. Shares of the U.S. cybersecurity agency are up 11.5% year-to-date, after slumping 48% in 2022. Wall Road is broadly optimistic on CrowdStrike as effectively, with analysts giving it common potential upside of 36%, in accordance with FactSet. Some 87% of analysts protecting the inventory have a purchase score on it. Ritholtz Wealth Administration CEO Josh Brown additionally endorsed the agency on Wednesday, saying that it is one cybersecurity firm that has the power to take market share. Goldman Sachs additionally not too long ago initiated protection of the inventory with a purchase score. “We anticipate secular tailwinds in Safety to drive price range progress forward of broader IT spending and broader software program over the following decade,” Goldman analyst Gabriela Borges wrote in a be aware final week. Analysts have struck a bullish tone on cybersecurity of late, arguing that it is one sector that is resilient even in a slowdown. — CNBC’s Michelle Fox contributed to this report.