Cantor Fitzgerald Maintains Overweight on Palo Alto Networks, Lowers Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee maintains an Overweight rating on Palo Alto Networks (NASDAQ:PANW) but lowers the price target from $400 to $350.

February 21, 2024 | 2:34 pm
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Cantor Fitzgerald has maintained its Overweight rating on Palo Alto Networks but reduced the price target from $400 to $350.
While the maintenance of an Overweight rating suggests continued confidence in Palo Alto Networks' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation expectations, possibly due to market conditions or revised earnings forecasts. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100