Cybersecurity Rally Hits a Valuation Reality Check. These ETFs Face the Fallout
Cybersecurity ETFs are sliding as CrowdStrike, Palo Alto Networks and Okta face valuation concerns after a rally. Here’s what it means for the AI-driven trade.
Stocks · News reference
Calls to slow AI model development could trigger a market rotation, lifting software and cybersecurity stocks per Melius Research.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Cybersecurity ETFs are sliding as CrowdStrike, Palo Alto Networks and Okta face valuation concerns after a rally. Here’s what it means for the AI-driven trade.
The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
B of A Securities analyst Tal Liani maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Neutral and raises the price target from $230 to $260.
TD Cowen analyst Derrick Wood maintains HubSpot (NYSE:HUBS) with a Hold and lowers the price target from $285 to $260.
UBS analyst Taylor McGinnis maintains HubSpot (NYSE:HUBS) with a Buy and raises the price target from $250 to $290.