Palo Alto's AI Momentum Make It A Top Cybersecurity Pick, Analyst Says

1. Wedbush maintains Outperform rating for PANW, price target at $225. 2. PANW reported $2.29 billion revenue, exceeding guidance and estimates. 3. NextGen Security ARR rose to $5.09 billion, up 34% year-over-year. 4. Company's platformization strategy aims at solidifying its market position. 5. Technical correction sees PANW stock trading down nearly 7%.