Cybersecurity ETFs gain up to 7.3% as AI agents boost security spending

  • Bank of America raised price targets for CrowdStrike, Okta and SailPoint.
  • Okta's target rose to $200, SailPoint's to $22 and CrowdStrike's to $260.
  • All three companies remained Neutral-rated, with targets 6% to 9% above Sept. 17 closes.

Cybersecurity stocks have outperformed broader software and the S&P 500 over the past month as autonomous AI agents create additional security requirements rather than reducing them. The Amplify Cybersecurity ETF gained 7.3% and the First Trust Nasdaq Cybersecurity ETF rose 6.4%, compared with a 2.8% gain for the iShares Expanded Tech-Software Sector ETF and a 0.9% decline for the S&P 500. Bank of America raised its price targets for CrowdStrike Holdings, Okta and SailPoint, citing greater demand for authentication, authorization, monitoring and governance around AI agents. The bank lifted Okta to $200, SailPoint to $22 and CrowdStrike to $260, but kept all three ratings at Neutral. The revised targets were approximately 6% to 9% above the shares' Sept. 17 closing levels.

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Cybersecurity ETFs gain up to 7.3% as AI agents boost security spending - CoinPost Terminal