5 Tech Stocks to Buy According to Former VP Al Gore

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In this article, we discuss the 5 tech stocks to buy according to former VP Al Gore. You can skip our detailed analysis of Al Gore’s hedge fund and recent developments, and go directly to read 10 Tech Stocks to Buy According to Former VP Al Gore

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

Number of Hedge Fund Holders: 73
Generation Investment Management’s Stake Value: $773,377,000

Palo Alto Networks, Inc. (NASDAQ:PANW), an American tech and cybersecurity company, saw growth in the number of hedge funds having stakes in it. In Q3, 73 hedge funds tracked by Insider Monkey reported owning stakes in the company, up from 69 in the previous quarter. These stakes hold a consolidated value of roughly $5.9 billion.

Recently, Mizuho listed Palo Alto Networks, Inc. (NASDAQ:PANW) as one of its top picks for 2022 due to the company’s growing role in digital transformation. The firm set a $625 price target on the stock while maintaining a Buy rating on the shares. After reporting solid fiscal Q1 results, Palo Alto Networks, Inc. (NASDAQ:PANW) lifted its guidance for the fiscal year 2022 due to the growth in security demand. The company now expects revenue in the range of $5.35 billion to $5.4 billion.

Generation Investment Management started investing in Palo Alto Networks, Inc. (NASDAQ:PANW) during the first quarter of 2020. In Q3, the hedge fund holds a stake worth $773.3 million in the company, which accounted for 3.23% of Al Gore’s portfolio. As of the close of December 20, Palo Alto Networks, Inc. (NASDAQ:PANW) is up 50.2% for 2021.

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