Analysts Raise Targets on CoreWeave, Palo Alto Networks and Amazon

TipRanks, a platform that ranks analysts based on past performance, identified the three stocks as favored by some of Wall Street's top professionals.

CoreWeave (CRWV), a neocloud company, is benefiting from robust AI-driven demand for cloud computing. JPMorgan analyst Samik Chatterjee upgraded the stock to buy from hold and raised his price target to $125 from $120, citing favorable pricing driven by solid demand. Chatterjee said CoreWeave is now more willing to sign premium-priced, shorter-term contracts, which lifted his revenue and margin estimates. The analyst noted that CRWV's stock performance has been underwhelming as investors worry about high capital spending, but he believes higher prices and increased margins will more than offset the rise in debt to fund capital spending, improving the stock's valuation. Chatterjee pointed to a 25% price hike in July across CoreWeave's product offerings and frequent price increases by rivals such as Nebius (NBIS), adding that some peers are charging nearly three times more for short-term compute contracts than CoreWeave charges on longer-term deals. 'CoreWeave's leverage of the opportunity [is] evident in its recent press release highlighting contracts signed in F3Q at ~$40M/MW,' Chatterjee said. JPMorgan said higher pricing is already contributing 5-10 percentage points to contract margins versus earlier deals. Chatterjee ranks No. 4 among more than 12,500 analysts tracked by TipRanks; his ratings have been successful 75% of the time, with an average return of 55.3%.

Palo Alto Networks (PANW), which provides cybersecurity solutions across network, cloud, security operations, AI and identity, drew a reiterated buy rating from BTIG analyst Gray Powell after a discussion with management. Powell raised his price target to $425 from $404. After reviewing Palo Alto's product-level growth catalysts, he sees clear upside to both revenue and next-generation security (NGS) annual recurring revenue (ARR) in fiscal 2027. He expects PANW to deliver pro forma revenue growth of more than 17%, above the consensus estimate of 14.6%, and NGS ARR growth of more than 26%, versus the Street's expectation of 24.5%. Powell said the company's business mix has shifted over the past five years to higher-growth product areas and new markets from what was earlier viewed as a hardware-centric network security company. He estimates that hardware firewalls and attached subscriptions now account for less than 50% of revenue, while high-growth solutions including Prisma SASE, software firewalls, Cortex XSIAM, Chronosphere and Idira represent more than 35%. 'Investors may not fully realize the growth potential within PANW's platform story,' Powell said. BTIG is optimistic about Chronosphere in observability, CyberArk in identity and software firewalls, and Prisma AIRS in the network and AI security business. Powell ranks No. 320 among more than 12,500 analysts tracked by TipRanks; his ratings have been profitable 61% of the time, with an average return of 17.3%.

Amazon (AMZN) received a reiterated buy rating from Rosenblatt analyst Scott Devitt in a Sept. 30 research note. Devitt raised his price target to $360 from $335. He said fears that agentic commerce poses a major threat to Amazon's advertising business seem 'overstated.' Devitt noted that growing adoption of personal agents and AI shopping assistants has sparked concern about displacement of Amazon's retail media business, but he remains bullish given Amazon's ability to adapt to changing consumer behavior, as it has in the past. He argued that even if an AI agent helps a shopper discover a product, Amazon can still handle the purchase and delivery, keeping much of the transaction value. He highlighted that management believes existing Amazon shoppers will likely continue to start their shopping journey on the platform because it has better personalization, accurate pricing and inventory information that third-party agents still lack. Devitt expects Amazon's retail business to prove a net beneficiary of agentic commerce. Fewer clicks would not hurt the company if the value of each remaining click and overall volumes keep rising, he said.