Wedbush Reiterates Outperform On Palo Alto Networks, Adds To Best Ideas List

Wedbush reiterated an Outperform rating and $225 price target on Palo Alto Networks (NASDAQ:PANW), adding the stock to its Best Ideas List.

The firm pointed to growing confidence in the company's platformization strategy following its acquisition of CYBR. Wedbush said recent customer and partner checks confirmed that Palo Alto's integrated approach was gaining momentum.

Analysts said cybersecurity remained a key beneficiary of the AI revolution, positioning Palo Alto to expand both market share and mindshare in the coming years. The company was already included in Wedbush's IVES AI 30 list.