Palo Alto Networks Jumps as Analysts Up Targets on AI Gains, 'Platformization'
Palo Alto(PANW) Investopedia·2024-08-21 00:00
Key TakeawaysPalo Alto Network shares surged on Tuesday after the company reported better-than-expected quarterly results.Analysts who raised their price targets for the stock said the cybersecurity company's results showed that its platform consolidation efforts were paying off.They also noted that Palo Alto Networks' artificial intelligence (AI) integration initiatives showed early promise. Palo Alto Networks (PANW) shares jumped during intraday trading Tuesday after the cybersecurity company reported str ...