Morgan Stanley Names Palo Alto Networks (PANW) a Top Pick, Raises PT to $216

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the AI Stocks Analysts Are Backing Right Now. On September 2, Morgan Stanley analyst Keith Weiss raised the price target on the stock to $216.00 (from $210.00) while maintaining an Overweight rating.

The analyst not only resumed coverage, but also named Palo Alto as a Top Pick in the cybersecurity space. In an investor note, the analysts noted how the company has evolved from merely being a next-gen firewall provider to a comprehensive cybersecurity leader “spanning multiple domains.”

It is well-positioned in all areas of cybersecurity due to its strategic focus on platformization.

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.

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Disclosure: None.