15 AI Stocks Surging on News and Analyst Ratings

13. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 64

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. On May 19, Piper Sandler analyst Rob Owens maintained a “Hold” rating on the stock with an associated price target of $213.07. Economic uncertainty and cautious company guidance have led Owens to maintain a cautious approach toward the stock. He noted that the challenging macroeconomic environment could limit enterprise IT investments, impacting the health of ecosystem partners that support these investments. Despite product revenue for similar companies having exceeded expectations, which implies a positive outlook for Palo Alto Networks, ongoing uncertainties keep the outlook conservative. Some key topics of interest for Palo Alto include the recent acquisition of Protect AI and the firewall refresh cycle. Regardless, these topics aren’t aggressive enough to warrant a rating upgrade.