Before several infrastructure and cybersecurity software companies announced their quarterly performance, Truist Securities adjusted the target price.
According to the Smart Finance APP, before several infrastructure and cybersecurity software companies announced their quarterly performance, Truist Securities adjusted the target price.
Analysts led by Joel Fishbein Jr. believe that since last year, buyer behavior in infrastructure and cybersecurity fields has stabilized. They are focusing on visibility in 2025, anticipating a "milestone" moment for generative AI projects by then.
With the increase in valuations since the U.S. presidential election, analysts believe that the cost of executing mistakes in the coming weeks will be high. Therefore, high-quality stocks will be favored, including Snowflake (SNOW.US) and Zscaler (ZS.US) which were rated as "buy" by the bank.
In general, Truist rating adjustments are as follows:
CrowdStrike (CRWD.US): "Buy" rating, target price raised from $325 to $375.
Palo Alto Networks (PANW.US): "Buy" rating, target price raised from $400 to $425.
Rubrik (RBRK.USA): Rated as 'buy', target price raised from $43 to $50.
Samsara (IOT.USA): Target price increased from $40 to $50, reiterating 'hold' rating.