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.

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