Palo Alto Networks shares are trading higher after Citigroup raised its price target on the stock from $280 to $335.
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks' stock (PANW) is trading higher following an increase in the price target from $280 to $335 by Citigroup.
January 10, 2024 | 8:50 pm
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Citigroup raised its price target on Palo Alto Networks from $280 to $335, leading to a rise in the stock's trading price.
A higher price target from a reputable financial institution like Citigroup generally indicates a positive outlook on the stock, suggesting that the company's future performance may exceed previous expectations. This can lead to increased investor confidence and a higher stock price in the short term.
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