Morgan Stanley Sees $220B AI Security Opportunity

Morgan Stanley projects a $220 billion AI‑driven cybersecurity market, surpassing the current $300 billion market size globally in the near term.
CrowdStrike, Okta, Palo Alto Networks and SailPoint are assigned price targets of $510, $6.31 per share and $18, based on free‑cash‑flow multiples.
Recent earnings show Okta and SailPoint beat Q4 FY2026 consensus, while Palo Alto completed acquisition of Koi to strengthen AI endpoint security.