15 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 66

Palo Alto Networks, Inc. (NASDAQ:PANW) is an American multinational cybersecurity company offering security solutions for all apps, users, and devices. Being one of the largest providers of cybersecurity software, it leverages artificial intelligence, such as Precision AI, Palo Alto Networks’ proprietary AI system, to detect and mediate threats in an AI-first world.

On October 31, TipRanks reported that Cantor Fitzgerald assumed coverage of Palo Alto Networks, Inc. (NASDAQ:PANW) with an “Overweight rating” and raised the price target to $415 from $400. According to the analyst, several online sources have reported that Palo Alto has been awarded a five-year $996M deal with the Department of Defense through U.S. federal distributor Carahsoft. The firm strongly believes in the company’s platform.

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