Wall Street analysts raise price targets for cybersecurity stocks Palo Alto Networks and CrowdStrike

From CNBC: 2024-11-19 15:31:25

Wall Street analysts are raising price targets for cybersecurity stocks Palo Alto Networks and CrowdStrike ahead of their quarterly results. Palo Alto’s target was increased to $455 from $395, while CrowdStrike’s target was raised to $355 from $325. Investors are expecting healthy results from both companies, with analysts emphasizing long-term growth potential. Both stocks are up, despite broader market declines due to geopolitical tensions. Palo Alto will report earnings on Wednesday after the market closes. As the cybersecurity sector continues to grow due to increased risks of cyber attacks, investors are closely watching how these companies will perform in the current environment.



Read more at CNBC:: Wall Street shows these 2 cyber stocks love ahead of quarterly results