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Barchart
Mark R. Hake, CFA

Palo Alto Networks Stock Still Looks Cheap to Analysts - Shorting OTM Puts Makes Sense Here

Palo Alto Networks (PANW) stock is still undervalued according to analysts' price targets. It continues to make sense to short out-of-the-money put options for investors to gain income and set a buy-in target.

Today PANW stock is trading at $321.16, up from its recent low of $290.09 on June 4. However, as will be seen below many analysts have much higher price targets.

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