Wedbush Maintains Outperform on Palo Alto Networks, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives maintains an Outperform rating on Palo Alto Networks and raises the price target from $375 to $400.
August 20, 2024 | 2:28 pm
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POSITIVE IMPACT
Wedbush analyst Daniel Ives has increased the price target for Palo Alto Networks from $375 to $400 while maintaining an Outperform rating. This suggests a positive outlook for the company's stock.
The increase in price target from $375 to $400 by a reputable analyst indicates a positive sentiment towards Palo Alto Networks' future performance. The Outperform rating suggests that the stock is expected to do better than the market average, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100