Jim Cramer Weighs In On Palo Alto, Eli Lilly And Salesforce, Says Price Target Bump For This Stock A ‘Red Flag’

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During Tuesday’s CNBC Investing Club Morning Meeting, U.S. stocks exhibited mixed performance, prompting a closer look at prevailing market themes. Cybersecurity emerged as a key focus, with Jim Cramer emphasizing heightened threats following a recent breach at UnitedHealth.

What Happened: Cramer advocated for an aggressive long position in Palo Alto Networks Inc (NASDAQ:PANW) citing the growing demand for cybersecurity solutions amid escalating threats. The increasing prevalence of high-profile incidents underscores the significance of robust cybersecurity measures, reported CNBC.

Eli Lilly And Co (NYSE:LLY) faced stock declines as Viking Therapeutics Inc (NASDAQ:VKTX) presented promising results for its GLP-1 treatment, a potential rival. Cramer addressed concerns, highlighting the importance of substantial backing from pharmaceutical companies for market dominance. “Without the major backing of a pharmaceutical company, it’s not enough [to beat out Eli Lilly,]” he said

Wells Fargo raised its price target on Salesforce Inc (NYSE:CRM) shares …

Full story available on Benzinga.com


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