Wedbush Maintains Outperform on Palo Alto Networks, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on Palo Alto Networks (NASDAQ:PANW) and increased the price target from $290 to $350, indicating a positive outlook on the company's stock.
December 14, 2023 | 1:23 pm
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Wedbush analyst Daniel Ives reaffirms an Outperform rating on Palo Alto Networks and raises the price target to $350, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Daniel Ives typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100