Santa Clara, Calif-based Palo Alto Networks (NASDAQ:PANW) is scheduled to report second-quarter results on Feb. 13. TheStreet reports that analysts are reworking the cybersecurity company’s stock price target before earnings.
Palo Alto Networks’ shares are up about 4 percent from a year ago, and the stock has climbed nearly 8 percent since the start of 2025.
The threat landscape is important, given that the cost of global cybercrime is expected to reach an eye-popping $10.5 trillion annually this year, up from $3 trillion a decade ago, according to Cybersecurity Ventures.
A GetApp survey of 4,000 IT professionals globally found that 45 percent of U.S. respondents have identified AI solutions for network and cloud security as their top investment priorities for 2025. In response to the rising complexity of threats, 80 percent of them anticipate increasing their cybersecurity budgets in 2025.
Several analysts are boosting PAN’s price target ahead of what they predict will be a strong quarter for the cybersecurity giant.
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