5 High Growth Cybersecurity Stocks to Buy Now

In this article, we will list the 5 High Growth Cybersecurity Stocks to Buy Now. Please visit 8 High Growth Cybersecurity Stocks to Buy Now if you would like to see the extended list and the methodology behind it.

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

Also on July 1, BTIG raised the firm’s price target on Palo Alto Networks to $380 from $333, kept a Buy rating on the shares, and reiterated Palo Alto as the “top pick” across its coverage. BTIG cited improving momentum across the company’s cybersecurity platform, with field checks pointing to stronger deal sizes and cross-sell benefits from its portfolio spanning network security, cloud, endpoint, SIEM, observability, and identity. BTIG said this supports expectations that Palo Alto Networks can sustain mid-teens growth through continued platform expansion and inroads into adjacent high-growth security markets.

Wells Fargo also raised the firm’s price target on Palo Alto Networks to $420 from $325 and kept an Overweight rating on the shares. Wells Fargo added Palo Alto Networks to the firm’s Q3 tactical ideas list on a “clear catalyst path.” Wells Fargo also expects the organic versus inorganic debate to subside, citing new reporting segmentation and calling the choice a “position of strength.” Wells Fargo said segment disclosure should help investors align the narrative and numbers, while a growth outlook for each segment could lead to healthier investor debates.

Palo Alto Networks, Inc. (NASDAQ:PANW) provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.