Morgan Stanley Backs Cybersecurity in Big Upgrades
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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.
Danaher and Equifax also saw consensus targets nudged lower after recent earnings results.
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How this article was generated
- Generated
- 21 Jul 2026, 20:20
- Prompt version
- v1.0
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- Analyst consensus
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.