10 Trending AI Stocks Making Waves Today

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

Number of Hedge Fund Holders: 64

Palo Alto Networks, Inc. (NASDAQ:PANW) offers AI-driven cybersecurity solutions for all apps, users, and devices.

On November 21, TD Cowen analyst Shaul Eyal reiterated a “Buy” rating on Palo Alto Networks, Inc. (NASDAQ:PANW) and raised the price target to $420.00. Several factors, such as the company’s impressive financial performance, and strategic growth initiatives, have led to the rating. The company’s next-generation security ARR has surged 40% year-over-year, reaching $4.5 billion. Meanwhile, its RPO has grown 20% to $12.6 billion. These metrics demonstrate the high demand for Palo Alto’s products. Moreover, the company’s focus on platformization on a unified AI-driven platform and product innovations, including Cortex and SASE, is driving substantial growth and paving the way for further opportunities.