5 Best Future Stocks For The Long Term

This article presents an overview of the 5 Best Future Stocks For The Long Term. For a detailed overview of such stocks, read our article, 16 Best Future Stocks For The Long Term.

5. Palo Alto Networks Inc (NASDAQ:PANW)

Number of Hedge Fund Investors: 77

Palo Alto Networks Inc (NASDAQ:PANW) recently fell after weak guidance and a business strategy shift but Palo Alto Networks Inc (NASDAQ:PANW) is an important player in the cybersecurity industry. It’s also a key stock in the Goldman Sachs Future Tech Leaders ETF portfolio.

A total of 77 hedge funds tracked by Insider Monkey had stakes in Palo Alto Networks Inc (NASDAQ:PANW) as of the end of the fourth quarter of 2023.

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Palo Alto Networks, Inc. (NASDAQ:PANW) in its Q3 2023 investor letter:

“Across the Information Technology universe, we seek companies possessing differentiated capabilities, products, and services. Palo Alto Networks, Inc. (NASDAQ:PANW) supplies network and cloud-based security solutions to enterprises, service providers, and government entities. The latest quarter was mixed with the company falling shy versus the Street on billings, in line for revenues, and outpacing earnings. Palo Alto’s updated guidance was materially ahead of lowered Street expectations. Nevertheless, its shares pulled back by -8%.”