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Wajeeh Khan

Capital One Just Upgraded Palo Alto Networks Stock. Here's Why.

Palo Alto Networks Capital One Palo Alto PANW Connor Murphy Cybersecurity

Palo Alto Networks (PANW) shares were in the spotlight on Thursday after a senior Capital One analyst said the cybersecurity stock is not out of juice just yet. In a research note dated July 16, Connor Murphy upgraded the multinational to “Overweight” and raised the price target to $421, signaling potential upside of nearly 20% from here.

Murphy’s bullish call arrives at a time when Palo Alto Networks stock is already in a sharp uptrend, currently up 97% versus the start of this year.

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