Palo Alto Networks, Inc. (NASDAQ:PANW) is included among the 10 Best Long Term Low Risk Stocks to Buy According to Hedge Funds.
Image by Alexsander-777 from Pixabay On May 19, Truist raised its price recommendation on Palo Alto Networks, Inc. (NASDAQ:PANW) to $275 from $200
It reiterated a Buy rating on the shares. The update came as part of a broader research note previewing first-quarter results for cybersecurity software companies. The analyst said investors are still focused on the usual setup-and-beat dynamics ahead of off-cycle quarterly EPS reports.
At the same time, the broader discussion around AI disruption is expected to play a major role this earnings season as investors try to identify companies that could benefit from AI versus those that may face risks. For Palo Alto, Truist said investor attention will remain centered on execution following the company’s acquisitions of Chronosphere and CyberArk Software Ltd. The firm also pointed to the underlying organic momentum across Palo Alto’s core platforms.