RBC Capital Maintains Outperform on Palo Alto Networks, Lowers Price Target to $365
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Palo Alto Networks (NASDAQ:PANW) but lowered the price target from $420 to $365.

February 21, 2024 | 3:42 pm
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RBC Capital has maintained an Outperform rating on Palo Alto Networks but reduced the price target from $420 to $365.
The maintenance of an Outperform rating suggests a positive outlook on the company's performance, indicating confidence in its fundamentals and growth potential. However, the reduction in the price target could reflect adjustments in market conditions or expectations, potentially leading to short-term price volatility as investors reassess their valuations.
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IMPORTANCE 90
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