Palo Alto Networks Stock Drops Despite Analyst Upgrade
Despite an analyst raising the price target for Palo Alto Networks (NASDAQ: PANW) from $320 to $415, its stock fell by 4.9% on Wednesday. The drop occurred even as Evercore ISI's Peter Levine cited strong growth potential in cybersecurity and AI-powered security operations.
Topics: cybersecurity free cash flow market reaction price target change