15 AI News That Broke The Internet

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

Number of Hedge Fund Holders: 64

On November 25, analyst Gregg Moskowitz from Mizuho Securities reiterated a Buy rating on Palo Alto Networks, Inc. (NASDAQ:PANW), a leader in AI-powered cybersecurity, and kept the price target at $450.00. Moskowitz has given his buy rating due to Palo Alto’s strong performance and prospects. It demonstrated a 14% year-over-year revenue growth in the first quarter, surpassing market expectations, as well as an impressive 40% growth in next-gen security ARR. Moskowitz is optimistic about the company given its strong position in cloud security as well as its shifts towards higher-growth recurring revenue streams. Looking at the company’s guidance for the second quarter and the full year, the management is optimistic about its continued growth and has also raised revenue and next-gen security ARR forecasts. Overall, the firm believes in the company’s potential for higher expected growth and favorable margins compared to its peers.

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