Palo Alto Networks (NASDAQ: PANW) stock is surging in today’s trading, with a 9.3% increase in share price as of 1:30 p.m. ET, according to data from S&P Global Market Intelligence.
Analysts are optimistic about Palo Alto Networks, with Susquehanna maintaining a positive rating on the stock and JPMorgan’s Brian Essex suggesting that recent concerns about the company’s outlook may be exaggerated. This positive coverage is driving investor confidence.
Analysts believe sell-offs of Palo Alto are exaggerated
Despite disappointing forward guidance last week causing a significant drop in Palo Alto Networks stock, some analysts believe that investors have become overly pessimistic about the company.
Although Susquehanna’s Patil reduced the one-year price target for the stock, the analyst remains bullish. Even with today’s surge, the price target indicates further potential…
2024-02-26 14:00:56
Original from finance.yahoo.com