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Wedbush’s Dan Ives Projects 16% Upside For Palo Alto Stock, Sets Bullish Target At $425: ‘Golden Age Of Cybersecurity Is On The Doorstep’

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Benzinga

Wedbush’s Dan Ives has upgraded his price target for Palo Alto Networks (NASDAQ:PANW), hinting at a promising future for the cybersecurity landscape. What Happened: Ives expressed his upbeat outlook for Palo Alto Networks on X, formerly Twitter, stating that the price target has been raised to $425. His optimism stems from solid field checks in the cybersecurity landscape and an increase in cloud deal momentum leading into 2024. “The golden age of cybersecurity is on the doorstep with PANW front and center,” Ives posted on Friday. In their investor note, Ives and the team expressed that the co…

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