Truist Securities has revised its price targets for several infrastructure and security software companies ahead of their quarterly earnings reports. Analysts led by Joel Fishbein Jr. noted that buyer behavior in the infrastructure and cybersecurity sectors has stabilized since last year. They are focused on visibility into 2025, anticipating a pivotal moment for generative AI projects by then.
With valuations rising since the U.S. presidential election, analysts warn that execution errors in the coming weeks could be costly. As a result, high-quality stocks are expected to be favored. Among them, Truist maintains a "Buy" rating for Snowflake (SNOW, Financial) and Zscaler (ZS).
Truist's rating adjustments are as follows:
CrowdStrike (CRWD): Rating maintained at "Buy," with the price target increased from $325 to $375.
Palo Alto Networks (PANW): "Buy" rating reaffirmed, and the price target raised from $400 to $425.
Rubrik (RBRK): "Buy" rating retained, with the target price elevated from $43 to $50.
Samsara (IOT): The price target has been increased from $40 to $50, while the "Hold" rating is reiterated.
