Why Deutsche Bank Upgraded Palo Alto Networks (PANW) to Buy

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the Must-Watch AI Stocks on Wall Street. On August 13, Deutsche Bank upgraded the stock to “Buy” from hold and raised its price target on the stock to $220 per share from $200.

The firm believes that investor concerns over the CyberArk acquisition are overblown and that PANW is set for robust quarterly results.

“We upgrade shares of Palo Alto Networks to a Buy rating and raise our DCF-derived TP to $220 given our thoughts on the health of the business, quality of its leadership, and forward prospects for the announced acquisition of CyberArk.”

A financial analyst working at a desk of computer monitors reviewing data.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity.

While we acknowledge the potential of PANW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Buzzing AI Stocks on Wall Street and 10 AI Stocks Making Headlines This Week.

Disclosure: None.