Morgan Stanley assumed coverage of Palo Alto Networks (PANW) with an Overweight rating and $230 price target The firm sees a large XSIAM growth opportunity ahead, bolstered by the recent IBM QRadar deal, and notes that 63% of organizations cite AI as the driver of increased cloud investments. While “still early days for AI proliferation in security,” inflecting technology industry trends driven by AI are fueling strong cybersecurity demand, the analyst tells investors.
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