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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 raised to $240 from $215 at BofA
- Kinder Morgan, Estée Lauder, Texas Instruments, Intel, and Palo Alto Networks: Trending by Analysts
- Palo Alto Networks price target raised to $245 from $225 at Oppenheimer
- AMD upgraded, Micron downgraded: Wall Street’s top analyst calls
- Varonis price target raised to $55 from $50 at DA Davidson