Wells Fargo lifts target price on Palo Alto even as stock dip post results

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Go back to Wells Fargo lifts target price on Palo Alto even as stock dip post results

Three reasons why the selloff in this software stock is a buying opportunity

November 21, 2024 4:00 PM EST

Barclays analysts argue that the recent selloff in a certain software name presents a buying opportunity, citing three key reasons.

Despite concerns over billings performance, the bank highlights Palo Alto Networks (NASDAQ: PANW) strong underlying metrics and reaffirms their Overweight rating and $425 price target on the stock.

First, Barclays says Palo Alto reported results that exceeded expectations on critical metrics,... More