Citizens JMP analyst Trevor Walsh raised the firm’s price target on Palo Alto Networks (PANW) to $250 from $212 and keeps an Outperform rating on the shares. Ahead of earnings, Palo Alto Networks is a key name to watch, supported by an underrecognized positive reaction to its CyberArk (CYBR) acquisition, which offers strong strategic rationale and long-term benefits backed by favorable industry feedback, and strong positioning in the emerging AI security market, with early survey data suggesting leadership in capturing this next major growth opportunity, the analyst tells investors in a research note.
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