10 Buzzing AI Stocks Dominating Headlines

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

Number of Hedge Fund Holders: 64

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. On February 18, Susquehanna raised the firm’s price target on the stock to $230 from $217.50 and kept a “Positive” rating on the shares. According to the firm, the company has reported a solid Q2 and raised its outlook. Palo Alto is also boosting its growth through platformizations, the company’s strategy of providing a unified cybersecurity platform. At the heart of this unified data strategy is Precision AI, Palo Alto Networks’ proprietary AI system. Management said that it remains positive on the long-term potential of this strategy.