Bank of America raised the target share prices of four cybersecurity companies Cloudflare, Palo Alto Networks, SentinelOne, and CrowdStrike. Bank of America expects each of these companies to maintain revenue growth of about 20% or more. They pointed out that the widespread application of artificial intelligence is driving a surge in data volume, a continuous expansion of the attack surface, and making security systems more complex, thus supporting the continued spending needs of the entire industry.

Bank of America raised the target share prices of four cybersecurity companies Cloudflare, Palo Alto Networks, SentinelOne, and CrowdStrike. Bank of America expects each of these companies to maintain revenue growth of about 20% or more. They pointed out that the widespread application of artificial intelligence is driving a surge in data volume, a continuous expansion of the attack surface, and making security systems more complex, thus supporting the continued spending needs of the entire industry.