5 Best Cybersecurity Stocks to Buy According to Short Sellers

2. Palo Alto Networks Inc. (NASDAQ:PANW)

Short float:3.12%

Number of Hedge Fund Holders:86

Palo Alto Networks (NASDAQ:PANW) is one of the 10 Best Cybersecurity Stocks to Buy According to Short Sellers. On May 21, Wells Fargo analyst reiterated a Buy rating on Palo Alto Networks with a price target of $285, according to a report by TipRanks.

On May 20, TheFly reported that Cantor Fitzgerald increased its price target on Palo Alto Networks to $285 from $220 while maintaining an Overweight rating on the stock ahead of the company’s earnings report in June. The analyst said it expects solid results for the third fiscal quarter, driven by continued execution on platformization, large deal momentum, and broad-based strength.

Earlier on May 12, Palo Alto Networks launched Idira, a next-generation identity security platform to discover, control, and govern all identities. The company highlighted that the new offering expands the capabilities for existing CyberArk customers by delivering modern privilege access management (PAM) with agentic functionality.

Palo Alto Networks (NASDAQ:PANW) is a global AI cybersecurity firm offering a comprehensive portfolio of cybersecurity solutions and platforms across network, cloud, security operations, AI, and identity.

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