JP Morgan Maintains Overweight on Palo Alto Networks, Raises Price Target to $387
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex maintains an Overweight rating on Palo Alto Networks and raises the price target from $365 to $387.
August 20, 2024 | 2:41 pm
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POSITIVE IMPACT
JP Morgan has reaffirmed its Overweight rating on Palo Alto Networks and increased the price target from $365 to $387, indicating confidence in the company's future performance.
The increase in price target from $365 to $387 by JP Morgan suggests a positive outlook on Palo Alto Networks' future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100