UBS Maintains Neutral on Palo Alto Networks, Raises Price Target to $355
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd maintains a Neutral rating on Palo Alto Networks (NASDAQ:PANW) and raises the price target from $345 to $355.
August 20, 2024 | 12:27 pm
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UBS has maintained a Neutral rating on Palo Alto Networks but increased the price target from $345 to $355, indicating a positive outlook.
The increase in the price target from $345 to $355 by UBS suggests a positive outlook for Palo Alto Networks, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100