Truist Securities Maintains Buy on Palo Alto Networks, Raises Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Anthony Hau has reaffirmed a Buy rating on Palo Alto Networks (NASDAQ:PANW) and increased the price target from $275 to $330, signaling confidence in the company's future performance.
January 16, 2024 | 7:15 pm
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Truist Securities analyst has maintained a Buy rating on Palo Alto Networks and raised the price target to $330, indicating a positive outlook on the stock.
The increase in price target by Truist Securities reflects a strong vote of confidence in Palo Alto Networks' prospects. Such analyst actions often lead to a positive short-term reaction in the stock price as it may influence investor sentiment and expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100