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Palo Alto Networks stock rises after Wedbush upgrade
Shares of Palo Alto Networks Inc. are up 1.7% in Thursday morning trading after Wedbush analyst Daniel Ives upgraded the stock to outperform from neutral. He upped his target price to $265 from $225. His channel checks leave him more confident that the company is moving past some of its issues from last year, including disruption with its sales force and a firewall refresh cycle. "With the company's GlobalProtect cloud platform currently at roughly 7,000 customers and growing with a trained specialized sales force now better equipped to go after this key market opportunity, we believe cross-selling opportunities could expand meaningfully from here," he wrote. The stock is up 13% over the past three months, while the S&P 500 has lost 2.4%.
https://finance.yahoo.com/m/330b06b...3b748/palo-alto-networks-stock.html?.tsrc=rss
Shares of Palo Alto Networks Inc. are up 1.7% in Thursday morning trading after Wedbush analyst Daniel Ives upgraded the stock to outperform from neutral. He upped his target price to $265 from $225. His channel checks leave him more confident that the company is moving past some of its issues from last year, including disruption with its sales force and a firewall refresh cycle. "With the company's GlobalProtect cloud platform currently at roughly 7,000 customers and growing with a trained specialized sales force now better equipped to go after this key market opportunity, we believe cross-selling opportunities could expand meaningfully from here," he wrote. The stock is up 13% over the past three months, while the S&P 500 has lost 2.4%.
https://finance.yahoo.com/m/330b06b...3b748/palo-alto-networks-stock.html?.tsrc=rss
