Reported about 12 hours ago
Palo Alto Networks, Inc. (NASDAQ:PANW) has seen its price target adjusted down to $204 by Bernstein analyst Peter Weed while maintaining an Outperform rating. This change follows the announcement of the company's $25 billion acquisition of CyberArk, which although met with initial skepticism from investors, is regarded positively for its potential long-term strategic benefits. The deal is seen as a way to fill gaps in Palo Alto's cybersecurity portfolio and position the firm more favorably within the AI sector.
Source: YAHOO