Palo Alto's AI Security Deal with Google Cloud
Update: 2025-12-23
Description
Palo Alto Networks strategic partnership with Google Cloud, involving a multi-billion-dollar deal, positions the cybersecurity leader to protect companies building AI applications from the ground up. This move, following a successful first quarter with significant revenue growth and a $3.35 billion acquisition of Chronosphere, aligns Palo Alto with AI model makers and sets it up for a $20 billion annual recurring revenue target by fiscal 2030. Analysts rate the stock a strong buy, with an average price target of $225, indicating potential for growth as AI security demand surges.
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