Palo Alto Networks Inc (NASDAQ:PANW) stock surged on Monday, climbing over 5% to reach an all-time high of $382.94.

The Nasdaq is up 0.01% while the S&P 500 has gained 0.06%.

• Palo Alto Networks stock is challenging resistance. What’s driving PANW to record levels?

Accelerating large-cap cybersecurity demand and bullish analyst updates drove price increases ahead of upcoming financial disclosures.

Analyst Price Forecast Upgrades