Morgan Stanley Maintains Overweight on Palo Alto Networks, Raises Price Target to $390
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Palo Alto Networks and increased the price target from $360 to $390, indicating a positive outlook for the company's stock.
August 20, 2024 | 1:03 pm
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Morgan Stanley has raised its price target for Palo Alto Networks from $360 to $390 while maintaining an Overweight rating, suggesting confidence in the company's future performance.
The increase in price target from $360 to $390 by Morgan Stanley, along with the maintained Overweight rating, indicates a strong positive sentiment towards Palo Alto Networks. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100