Keybanc Maintains Overweight on Palo Alto Networks, Raises Price Target to $390
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Michael Turits has maintained an Overweight rating on Palo Alto Networks (NASDAQ:PANW) and increased the price target from $315 to $390.
January 18, 2024 | 12:55 pm
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Keybanc analyst Michael Turits reaffirmed an Overweight rating on Palo Alto Networks and raised the price target to $390, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the company's fundamentals or market position may have improved or are expected to improve. This can lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100