#6 - Palo Alto Networks (NASDAQ:PANW)
The cybersecurity sector is likely to be one of the fastest-growing fields over the next 10 years and beyond. One of the catalysts for this sector is the strong demand for AI, which increases the threat levels to consumer and corporate data. Palo Alto Networks Inc. (NASDAQ: PANW) is one of the leading cybersecurity companies, and this is one sector where that size comes with advantages.
Specifically, the company began integrating AI into its product offerings over two years ago. The launch of Cortex XSIAM has been a huge driver of revenue growth. The company also offers a platform that allows its customers to assess the threat that third-party AI applications place on their networks.
Palo Alto is moving towards a platformization model that is impacting its top end as it allows customers to “test drive” its platforms. But this is likely to be just a short-term concern. PANW stock has increased 428% in the last five years and will continue to be one of the best buy-and-hold stocks for investors.
About Palo Alto Networks
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
Read More - Current Price
- $384.37
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 32 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $402.03 (4.6% Upside)
