BTIG Maintains Buy Rating for Palo Alto Networks: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BTIG has maintained its Buy rating for Palo Alto Networks (NASDAQ:PANW) and raised its price target from $253.00 to $307.00. Shares of PANW are currently trading down 2.87% at $239.46.
June 20, 2023 | 5:01 pm
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BTIG maintains Buy rating for Palo Alto Networks and raises price target from $253.00 to $307.00, a potential 28.21% increase from the current share price.
The maintained Buy rating and increased price target by BTIG indicate a positive outlook for Palo Alto Networks. This news is likely to have a positive impact on the stock price in the short term, as it suggests that the company's performance and growth prospects are strong. The 28.21% potential increase in share price also highlights the potential upside for investors. However, the current 2.87% decline in share price may be due to other market factors or short-term fluctuations.
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IMPORTANCE 80
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