Jefferies raised the firm’s price target on Palo Alto Networks (PANW) to $235 from $225 and keeps a Buy rating on the shares. The firm believes cybersecurity spend will remain “robust” and continue to hold a “steady percentage” of software budgets in the coming years. Jefferies keeps a favorable view on security for the long-term saying it has taken on greater importance.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PANW:
- Palo Alto Networks price target lowered to $215 from $220 at Evercore ISI
- Palo Alto Networks completes acquisition of Protect AI
- M&A News: Will Palo Alto Networks (PANW) Acquire SentinelOne?
- Palo Alto says ‘no truth to rumor’ of SentinelOne takeover talks, CNBC reports
- SentinelOne moves up as Calcalist discusses ‘industry reports’ of takeover talks