Wells Fargo Maintains Overweight on Palo Alto Networks, Raises Price Target to $416
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on Palo Alto Networks and increased the price target from $385 to $416.
August 20, 2024 | 12:18 pm
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Wells Fargo has reaffirmed its Overweight rating on Palo Alto Networks and increased the price target to $416, indicating confidence in the company's growth prospects.
The increase in price target from $385 to $416 by Wells Fargo suggests a positive outlook on Palo Alto Networks' future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100