Citi analyst Fatima Boolani added Palo Alto Networks (PANW) to the firm’s Analyst Focus List while keeping a Buy rating on the shares with a $235 price target The firm adjusted price ratings and price targets in the systems software group following its survey of chief information security officers. Citi views the survey as positive for Palo Alto given its “pole position in consolidating budgetary, tool, and disciplinary sprawl within enterprises.”
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PANW:
- Private Markets: Anthropic raising $10B at $350B valuation
- Palo Alto Networks call volume above normal and directionally bullish
- Midday Fly By: U.S. oil majors rise on Venezuela news, Versant completes spinoff
- Palo Alto Networks price target raised to $265 from $230 at Piper Sandler
- Guggenheim upgrades Palo Alto to Neutral after underperformance