As demand for advanced security solutions continues growing in 2025, Scotiabank is driving higher price forecasts for CrowdStrike (NASDAQ:CRWD), Fortinet (NASDAQ:FTNT), and other cybersecurity firms. Now with targets by Scotiabank at $370, up from $300, CrowdStrike at $370, and Fortinet at $115, up from $110. CyberArk (CYBR) comes up at $400, Palo Alto Networks (NASDAQ:PANW) at $225, Zscaler (NASDAQ:ZS) at $225, and Cloudflare (NYSE:NET) at $110.
With key areas like Secure Access Service Edge (SASE), Security Information and Event Management (SIEM), and cloud security fueling momentum, spending on cybersecurity still dominates IT budgets. Palo Alto Networks gains from its $1.65 billion contract with Britain's Emergency Services Network as well as from its prospective mid-teens income growth over the next four years. Although earlier difficulties have reduced customer interest, CrowdStrike keeps generating interest; investors pay greater attention to its operating margin projection.
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