Morgan Stanley Names Palo Alto Networks (PANW) a Top Pick, Raises PT to $216

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the AI Stocks Analysts Are Backing Right Now. On September 2, Morgan Stanley analyst Keith Weiss raised the price target on the stock to $216.00 (from $210.00) while maintaining an Overweight rating.

The analyst not only resumed coverage, but also named Palo Alto as a Top Pick in the cybersecurity space. In an investor note, the analysts noted how the company has evolved from merely being a next-gen firewall provider to a comprehensive cybersecurity leader “spanning multiple domains.”

It is well-positioned in all areas of cybersecurity due to its strategic focus on platformization.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity.

While we acknowledge the risk and potential of PANW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PANW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.