Palo Alto Networks leading cybersecurity industry with strong growth potential.
From Nasdaq: 2025-01-10 07:23:00
Palo Alto Networks Inc. (NASDAQ: PANW) leads the cybersecurity industry, addressing evolving threats like AI-based cyberattacks. The market for AI-based cybersecurity is projected to reach $133.8 billion by 2030. PANW stock has delivered a 98% return over three years and is implementing a platformization strategy for growth.
Palo Alto aims to penetrate the SIEM market, a crucial sector for detecting security threats. Competing with established players like Splunk and Microsoft, Palo Alto seeks to capture a significant portion of the growing $30 billion market. Valuation remains attractive despite a recent dip in stock price. Analysts forecast 22% earnings growth and a $199 price target for PANW stock by year-end 2025.
Read more at Nasdaq: 3 Reasons Palo Alto May Be the Best Cybersecurity Stock in 2025
