Wedbush Adds Palo Alto Networks (PANW) to Best Ideas List, Reaffirms Outperform Rating

Palo Alto Networks, Inc. (NASDAQ:PANW) ranks among the best hot AI stocks to buy right now. On September 15, Wedbush analysts added Palo Alto Networks, Inc. (NASDAQ:PANW) to their Best Ideas List, describing it as “one of our top cyber security names” as the company moves forward with its platformization approach. With regard to the company’s shares, the firm continues to retain its Outperform rating and $225 price target.

According to Wedbush, shares of Palo Alto Networks, Inc. (NASDAQ:PANW) are still appealing despite “the recent oversold drawdown in PANW’s stock tied to the CYBR acquisition.”

Wedbush also cited the company’s fiscal fourth-quarter 2025 results, which “provided strong FY26 guidance and featured beats across the board on the top and bottom lines along with beats in NGS ARR and RPO as the company’s platformization strategy is resonating.” With AI’s yearly recurring revenue more than doubling, PANW announced a record of roughly 150 net new platformization deals, up around 40% year-over-year.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leading cybersecurity company that provides a variety of products such as firewalls, malware protection, and cloud security.

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. This article is originally published at Insider Monkey.