TheBadPlaceundefined | JPMorgan says Anthropic's groundbreaking cybersecurity model positive for these two stocks
JPMorgan analyst Brian Essex reiterated overweight ratings on CrowdStrike Holdings and Palo Alto Networks after Anthropic’s new AI‑driven cybersecurity initiative, Project Glasswing, named the two firms as founding partners. The bank set a 12‑month price target of $475 for CrowdStrike and $200 for Palo Alto, arguing that the partnership highlights the essential role of security vendors in the fight “AI with AI.” Essex said the collaboration signals that these incumbents are now “essential layers in the defensive stack,” rather than potential targets for disruption.
Anthropic’s Claude Mythos Preview, an advanced model designed to detect and patch critical software vulnerabilities, will be deployed with more than 40 companies, including Google and Apple, under Project Glasswing. The analyst noted that while AI is compounding security challenges—over half of enterprise AI use occurs in personal instances outside IT visibility—it also creates demand for sophisticated cybersecurity solutions. By working directly with Anthropic, CrowdStrike and Palo Alto can capture budgets that are shifting toward protecting “shadow AI” projects and AI‑driven initiatives across business units, preserving their data moats, network effects, and switching costs.
The Street shares JPMorgan’s optimism: of 57 analysts covering Palo Alto Networks, 45 rate it a buy or strong buy, and 42 of 56 analysts give CrowdStrike a similar rating. Both stocks have slipped about 5 % so far in 2026, roughly matching the decline in the iShares Cybersecurity and Tech ETF, but the bullish consensus suggests investors expect the AI‑related demand boost to outweigh short‑term weakness.
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