Barclays Maintains Overweight on Palo Alto Networks, Raises Price Target to $370
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia has maintained an Overweight rating on Palo Alto Networks and increased the price target from $350 to $370.
August 20, 2024 | 3:39 pm
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POSITIVE IMPACT
Barclays has reaffirmed its positive outlook on Palo Alto Networks by maintaining an Overweight rating and increasing the price target to $370, indicating confidence in the company's future performance.
The increase in price target from $350 to $370 by Barclays suggests a positive outlook on Palo Alto Networks' future performance. The Overweight rating indicates that the analyst expects the stock to outperform the market. 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