Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks 

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

Number of Hedge Fund Holdings in Q1 2026: 87

Cybersecurity firm Palo Alto Networks, Inc. (NASDAQ:PANW) is one of Jim Cramer’s favorite stocks. For more than a year,  the CNBC TV host has remained upbeat about the cybersecurity industry. He believes that the growth in data usage stemming from AI and the broader threat landscape to the United States creates new opportunities for firms operating in the sector. Wedbush discussed Palo Alto Networks, Inc. (NASDAQ:PANW) on June 3rd as it raised the share price target to $340 from $300 and kept an Outperform rating on the stock. Webush’s coverage came after the firm had reported its fiscal third-quarter earnings. The results saw Palo Alto Networks, Inc. (NASDAQ:PANW) ‘s revenue of $3 billion and earnings per share of $0.85 beat analyst estimates of $2.94 billion and $0.80. On May 29th, Jefferies raised the share price target to $300 from $265 and kept a Buy rating on the back of expected strong fiscal third quarter earnings. Cramer discussed Palo Alto Networks, Inc. (NASDAQ:PANW) in a series of tweets:

“Both Cisco and Palo Alto came in hot but i think they can run further. Mythos is such a game changer for these companies…

“Just to clear the record: Palo Alto did NOT miss the high expectations. Stock up tremendously ahead of the report, was up huge then gave it. Usual pattern for this one…

“Four times out of Five Palo Alto goes down after it reports. IT tends to bottom soon after and then 70 days later is up 10% from where it reported.”