Why Bank Of America Is Bullish On Cybersecurity Stocks

Bank of America on Tuesday hiked its price targets on cybersecurity stocks on views that a worsening artificial intelligence-based threat landscape supports higher valuations. Cybersecurity stocks have rebounded from worries that AI model builders will emerge as competitors. Bank of America raised its price targets for SentinelOne (S), SailPoint (SAIL) and Zscaler (ZS). Other cybersecurity stocks may be extended amid…