Palo Alto Networks Sees No Security Spending ‘Bubble’
Palo Alto Networks (PANW) stock got a price target increase Thursday and shares hit yet another new high amid the network security firm’s accelerating growth and management’s confidence in its long-term potential. RBC Capital Markets analyst Matthew Hedberg, in a research report Thursday, increased his price target on Palo Alto Networks stock to 200 from 180 and maintained an overperform rating, noting that security spending remains robust and