Jim Cramer Nailed These 12 Stock Predictions

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

Number of Hedge Fund Holders: 83

In an older episode, Cramer revisited Palo Alto Networks, Inc. (NASDAQ:PANW) following its sharp post-earnings selloff in February, where the stock dropped over $100 overnight. He explained that despite initial panic over guidance, his Charitable Trust continued buying on the dip. Here’s what he said:

“When Cramer fave Palo Alto Networks, PANW, reported in late February the stock plunged from 366 to 262 overnight. We freaked out about cautious guidance and some seemingly scary comments on the conference call. But what did we do? The charitable trust bought the whole way, and it’s now gradually started working back. It’s now at 305 and change. Because I’m a big believer in Palo Alto because the demand for cyber protection is endless, especially now that the hackers have access to AI and this company is the most comprehensive sweet of solutions out there.”

Cramer’s call to buy the dip proved right as the stock rose by 23.46% since then.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a top cybersecurity company offering AI-driven threat detection, firewall solutions, and cloud security services for enterprises worldwide. Cramer believes there’s still upside for the sock. Here’s what he said in April:

“I happen to like Palo Alto Networks too because there’s just so much work to do in this space. It’s why we own both CrowdStrike and Palo Alto for the charitable trust and I never violate my diversification rules. These two stocks are too good!”