UBS lowered the firm’s price target on Palo Alto Networks (PANW) to $215 from $220 and keeps a Neutral rating on the shares. Despite weakening sentiment into 2026, the cybersecurity sector remains attractive, with spending expected to outpace overall IT growth, consolidation continuing, and AI-enabled use cases further maturing, the analyst tells investors in a research note. While stock selection may remain challenging, the most compelling opportunities are likely among mid-cap platform names still in the early stages of formation, UBS argues.
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