The industry's annual Black Hat conference highlighted the rising threat from AI agents, leading analysts at BTIG to note that AI has fundamentally changed the threat landscape. While AI agents are now the predominant attack threat, the deployment of AI security tools is still in its early stages. BTIG subsequently raised its price target for Palo Alto to $380 per share and for CrowdStrike to $237 per share, citing AI as a creator of a new modernization cycle in endpoint security.