Morgan Stanley sharply raised targets on two cybersecurity giants on Monday. CrowdStrike got a new target of $227, up from $172 — a 32% jump. Palo Alto Networks was lifted to $387 from $320, a 21% increase. Both retained Buy ratings.
The moves reflect renewed Wall Street confidence in the sector. CrowdStrike carries a $202 billion market cap. Palo Alto sits at $284 billion. Short sellers are not pressing either name hard. CrowdStrike's SI sits at just 2.8% of free float. Palo Alto is at 3.0%.
Not all news was positive. Citigroup analyst James Hardiman cut his target on Royal Caribbean to $327 from $362. The cruise operator's short interest stands at 4.9% of free float. A broader consensus target also ticked down.
Morgan Stanley's Michael Cyprys trimmed targets on two alternative asset managers. KKR dropped to $147 from $153. Apollo Global Management edged down to $164 from $165. Both remain Buy-rated.
and also saw consensus targets nudged lower after recent earnings results.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
