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Wajeeh Khan

Stifel Just Raised Its Price Target on Palo Alto Networks. Here's Why.

Palo Alto Networks Stifel PANW Palo Alto Cybersecurity

Palo Alto Networks (PANW) shares closed meaningfully higher on Wednesday after Stifel said the cybersecurity giant was strongly positioned to gain further as the year unfolds.

In a research note this morning, analyst Adam Borg reiterated his “Buy” rating on PANW and lifted his price target to $275, indicating potential upside of another 12% from current levels.

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