Goldman Sachs Maintains Buy on Palo Alto Networks, Raises Price Target to $376
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges has maintained a Buy rating on Palo Alto Networks and increased the price target from $330 to $376.
August 20, 2024 | 6:02 pm
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Goldman Sachs has reaffirmed its Buy rating on Palo Alto Networks and increased the price target from $330 to $376, indicating confidence in the company's future performance.
The increase in price target from $330 to $376 by a major financial institution like Goldman Sachs suggests a positive outlook on Palo Alto Networks' future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100