In this article, we will discuss the 5 Best Cybersecurity Stocks to Buy and Hold for the Long Term. For deeper discussion and analysis, read 12 Best Cybersecurity Stocks to Buy and Hold for the Long Term.
5. Backblaze, Inc. (NASDAQ:BLZE)
EPS Growth for the Next 5 Years: 37.88%
On June 24, Lake Street analyst Eric Martinuzzi raised the firm’s price target on Backblaze, Inc. (NASDAQ:BLZE) to $14 from $11 while maintaining a Buy rating after the company announced a $335 million total contract value agreement with CoreWeave to provide hard-disk-drive cloud storage for AI workloads. The firm described the agreement as a significant validation of Backblaze’s AI storage strategy, highlighting the company’s competitive positioning and its ability to support large-scale AI infrastructure customers.
On the same day, B. Riley raised its price target on Backblaze, Inc. (NASDAQ:BLZE) to $16 from $7 while reiterating a Buy rating on the shares. The firm believes the multi-year cloud storage agreement with CoreWeave represents a meaningful endorsement of Backblaze’s neocloud strategy to become a leading provider of hard-disk-drive storage for AI cloud infrastructure. B. Riley estimates that the CoreWeave partnership could account for approximately one-quarter of Backblaze’s B2 business by the end of fiscal 2027, with the potential for further expansion beyond that period.
Founded in 2007 and headquartered in San Mateo, California, Backblaze, Inc. (NASDAQ:BLZE) provides essential ransomware protection, data immutability, zero-knowledge encryption, and automated disaster recovery, ensuring businesses and individuals can securely store and recover their critical data. The company is one of the best cybersecurity stocks to buy and hold for the long term.
4. SentinelOne, Inc. (NYSE:S)
EPS Growth for the Next 5 Years: 53.12%
On June 17, SentinelOne, Inc. (NYSE:S) announced the general availability of Purple AI Agentic Investigation alongside the introduction of Singularity Credits, a unified consumption model for AI-powered capabilities across the Singularity Platform. Customers can now access a complimentary trial of Purple AI’s newest autonomous security reasoning capability, which enables zero-click investigations that automatically detect, investigate, validate, and respond to cyber threats without requiring human intervention. When suspicious activity exceeds predefined thresholds, the system independently analyzes incidents, reaches a verdict, and initiates responses at machine speed while maintaining full transparency and oversight for security teams.
On May 29, Scotiabank analyst Patrick Colville raised the firm’s price target on SentinelOne, Inc. (NYSE:S) to $16 from $15 while maintaining a Sector Perform rating on the shares. Although the firm continues to view SentinelOne as a top-tier cybersecurity company with a strong technology platform, it remains cautious due to limited evidence that the company is generating sufficient customer wins to significantly accelerate annual recurring revenue growth.
Founded in 2013 and headquartered in Mountain View, California, SentinelOne, Inc. (NYSE:S) protects enterprise IT systems using AI-powered behavioral analysis. It operates as a cybersecurity stock by offering autonomous platforms that detect, prevent, and respond to cyberattacks across devices, cloud workloads, and networks.
3. Varonis Systems, Inc. (NASDAQ:VRNS)
EPS Growth for the Next 5 Years: 56.13%
On June 24, Stephens upgraded Varonis Systems, Inc. (NASDAQ:VRNS) to Overweight from Equal Weight and raised its price target to $45 from $33. While the firm noted that recent media reports regarding potential private equity interest further reinforce its view that the shares remain undervalued, the upgrade is primarily driven by the company’s underlying fundamentals. Stephens highlighted strong and growing demand for data security, fueled by accelerating AI adoption, increasing confidence in the durability of SaaS annual recurring revenue growth, expanding platform capabilities, improving sales execution, upside potential to fiscal 2027 guidance, and the opportunity for further valuation multiple expansion.
On May 21, Varonis Systems, Inc. (NASDAQ:VRNS) announced an integration with the Claude Compliance API, extending Claude Enterprise and Claude Platform activity into the Varonis Atlas AI Security Platform. This integration enables organizations using Claude for enterprise knowledge work, application development, and AI agent deployment to gain enhanced visibility into AI activity. By leveraging the Compliance API, Varonis allows security and governance teams to monitor AI usage, investigate misuse across complete user sessions, and evaluate AI-related risks with deeper data context, helping enterprises adopt AI technologies with greater confidence.
Founded in 2005 and headquartered in Miami, Florida, Varonis Systems, Inc. (NASDAQ:VRNS) protects enterprise data from breaches, ransomware, and insider threats. It acts as a cybersecurity stock by offering a data-centric platform that automates the discovery, classification, and protection of sensitive information across cloud and on-premises environments.
Varonis’ continued platform innovation and deeper integration with leading enterprise AI ecosystems, combined with improving SaaS execution, expanding recurring revenue potential, and growing analyst confidence, make it one of the best cybersecurity stocks to buy and hold for the long term.
2. Palantir Technologies Inc. (NASDAQ:PLTR)
EPS Growth for the Next 5 Years: 59.78%
On June 18, Oligo Security announced that it had joined Palantir Technologies Inc. (NASDAQ:PLTR) FedStart program, a strategic initiative designed to accelerate the path to federal cybersecurity certifications. Through the collaboration, Oligo aims to achieve FedRAMP High authorization and U.S. Department of Defense Impact Level 5 compliance more efficiently, enabling government agencies to secure applications, cloud workloads, and artificial intelligence systems through a unified security platform. By leveraging Palantir’s established security infrastructure, cloud expertise, and extensive experience with government compliance requirements, Oligo expects to significantly reduce the time required to obtain Authority to Operate for federal deployments, further demonstrating the value of Palantir’s expanding government-focused software ecosystem.
Earlier, on June 16, Wolfe Research upgraded Palantir Technologies Inc. (NASDAQ:PLTR) to Peer Perform from Underperform after resuming coverage of the stock. While the firm did not assign a price target, it acknowledged that Palantir’s significantly improved growth outlook and expanding profit margins have materially strengthened the company’s investment profile. Wolfe Research noted that the stock’s current valuation already reflects much of this operational improvement, highlighting the substantial progress Palantir has made in scaling both its commercial and government businesses while maintaining strong financial performance.
Founded in 2003 and headquartered in Denver, Colorado, Palantir Technologies Inc. (NASDAQ:PLTR) develops advanced software platforms that enable organizations to integrate, analyze, and visualize vast volumes of complex data. Its solutions are widely used by governments and enterprises to enhance decision-making, strengthen cybersecurity, detect anomalies, monitor critical infrastructure, and protect sensitive information through advanced analytics, artificial intelligence, and granular access controls.
1. Advanced Micro Devices, Inc. (NASDAQ:AMD)
EPS Growth for the Next 5 Years: 62.88%
On June 30, Wells Fargo raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $505 while maintaining an Overweight rating on the shares. The firm increased its estimates based on continued strength in demand for AMD’s EPYC server CPUs and improving pricing expectations, while also maintaining data center GPU revenue forecasts above the broader market consensus. Wells Fargo now projects earnings per share of $13.40 for 2027 and $18.75 for 2028, reflecting growing confidence in the company’s long-term earnings trajectory.
On June 24, UBS raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $670 from $455 and reiterated a Buy rating on the shares. The firm stated that its outlook for AMD has become increasingly positive as standalone CPU racks continue to gain market adoption, supported by the company’s advantages in core density, multithreading performance, and the mature x86 software ecosystem. UBS believes these strengths position AMD to benefit from traditional enterprise workloads that are increasingly being integrated into emerging agentic AI applications.
Founded in 1969 and headquartered in Santa Clara, California, Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and manufactures high-performance computer processors, graphics chips, and AI accelerators. Its silicon architecture features built-in hardware security capabilities (like AMD Infinity Guard and AMD Secure Processor) that protect sensitive data at the hardware level, thwarting firmware attacks.
AMD continues to strengthen its competitive position through robust demand for its data center products and increasing adoption of its high-performance computing platforms in AI-driven workloads. Supported by rising analyst price targets and strong long-term earnings expectations, the company is well-positioned to capitalize on the continued expansion of AI infrastructure and enterprise computing markets.
While we acknowledge the potential of AMD as the best cybersecurity stock to buy and hold for the long term, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about this cheapest AI stock.
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