Cantor Fitzgerald Maintains Overweight on Palo Alto Networks, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee has maintained an Overweight rating on Palo Alto Networks (NASDAQ:PANW) and increased the price target from $280 to $400.
February 12, 2024 | 2:21 pm
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Cantor Fitzgerald has reaffirmed its Overweight rating on Palo Alto Networks and raised the price target from $280 to $400.
The increase in price target by a reputable analyst firm like Cantor Fitzgerald suggests a strong confidence in Palo Alto Networks' future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price, as the new target significantly exceeds the previous one.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100