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Benzinga

Business

Priya Nigam

Palo Alto Networks Just Made Its Boldest Move Yet — Analyst Thinks It Could Pay Off

Palo Alto Networks CYBR PANW Wedbush Daniel Ives CyberArk Software CyberArk Software Ltd Palo Alto Networks Inc

Palo,Alto,Networks,Logo,And,Sign,At,Silicon,Valley,Headquarters

Despite the recent pressure on Palo Alto Networks Inc.'s (NASDAQ:PANW) stock due to the acquisition of CyberArk Software Ltd (NASDAQ:CYBR), the company remains "one of our favorite cyber security names to own over the next 12-18 months," according to Wedbush.

The Palo Alto Networks Analyst: Analyst Daniel Ives maintained an Outperform rating and price target of $225.

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