10 AI News Stories You Can’t Miss

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

Number of Hedge Fund Holders: 64

On Monday, November 18, JPMorgan raised the firm’s price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $449 from $387 and kept an “Overweight” rating on the shares. According to the firm, Palo Alto’s platformization strategy, i.e. the company’s efforts to leverage AI within a unified platform to deliver more robust and efficient cybersecurity for customers, seems to be working. As quoted by the analyst “Code to Cloud to SOC could emerge as a competitive differentiator.” A positive sign for the otherwise soft quarter is that industry discussions are reflecting strong deal activity across the Palo Alto platform and incentives to consolidate shares seem to be working. Recent peer multiples and sustainability of free cash flow growth through fiscal 2026 are also attributable to the target increase.