Rosenblatt Downgrades Palo Alto Networks to Neutral, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Catharine Trebnick downgraded Palo Alto Networks (PANW) from Buy to Neutral and reduced the price target from $290 to $265.
February 21, 2024 | 12:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Palo Alto Networks was downgraded by Rosenblatt from Buy to Neutral with a price target reduction from $290 to $265.
The downgrade from Buy to Neutral by a significant analyst like Rosenblatt, coupled with a reduction in price target, is likely to negatively impact investor sentiment towards PANW in the short term. This could lead to a decrease in stock price as the market adjusts to the new valuation and expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100