Wedbush sees $300 target for PANW and $700 for CRWD as AI-driven attack surfaces boost demand for consolidated security platforms.
Palo Alto Networks and CrowdStrike are poised to benefit as artificial intelligence expands the cybersecurity threat landscape, according to Wedbush Securities. The firm argues AI increases attack vectors, creating demand for scalable, unified security platforms rather than legacy point solutions.
Wedbush maintains outperform ratings on both stocks, setting price targets of $300 for Palo Alto Networks and $700 for CrowdStrike. The bank highlights Palo Alto’s ability to cover network, cloud, and identity security at scale, positioning it as a leader in platform consolidation.
The shift toward AI-driven threats accelerates enterprise spending on integrated security solutions, favoring dominant players with broad module coverage and customer trust.