[DEVELOPING] Cybersecurity stocks rally as Evercore ISI channel survey flags firmer year-end budgets
24/7 Wall St. and GuruFocus report that Evercore ISI's quarterly channel-partner survey found an improving security budget outlook into year-end. Partners prioritized data/AI security, identity and cloud, and saw 'no demand cliff'; Okta showed the strongest pipeline momentum. The survey named CrowdStrike and Palo Alto as top beneficiaries of AI-driven security spending and cited PHP2Shell as a spending catalyst. CRWD and PANW rose roughly 6% intraday, and GuruFocus also noted Mizuho raising its CRWD target to $275 from $250. 24/7 Wall St. cautions that survey-driven gains can fade if vendor reports show slower deal conversion, so upcoming vendor prints are the test.