Palo Alto Networks, Inc. (PANW) Up 10% Since Cramer Advised To Buy In August 2024

We recently published Jim Cramer’s 20 Bold AI Predictions – See How They Played Out! Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a cybersecurity company whose shares would have been much higher since Cramer’s remarks in August 2024 had it not been for a massive 15% fall in July-end. Before the July’s fall, Palo Alto Networks, Inc. (NASDAQ:PANW)’s shares had lost 6.8% in May after Bernstein reduced its share price target to $225 from $229. For his part, Cramer has remained optimistic about the cybersecurity sector in 2025 as he believes that the firms are insulated against tariff fallout and can experience strong demand due to the growth in AI-led computing. Here is what Cramer said about Palo Alto Networks, Inc. (NASDAQ:PANW) in August 2024:

“Palo Industries is a fantastic, under-the-radar industrial stock, and given its recent pullback, I think now is the time to buy. When Palo Alto Networks reported back in February, the guidance was considered dismal, and the stock plunged from the $360s to the $260s in a single day. But after speaking to the CEO, what did I do? I told you to stick with it, maybe even do some buying, and we did just that for the Travel Trust because the future is bright for this best-of-breed cybersecurity play. Sure enough, since then, the stock has been a juggernaut, closing at $343 today and rallying in after-hours trading. Palo Alto reported a strong top and bottom line beat with very encouraging guidance for the 2025 fiscal year, which has already started.”

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. This article is originally published at Insider Monkey.