Exane BNP Paribas analysts initiated coverage on Palo Alto Networks (PANW) stock with an Outperform rating and price target of $410 per share. The cybersecurity developer's stock has moved higher by at least 5% in today's session. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
BNP Paribas began coverage of a group of cybersecurity stocks, saying that the risk posed by artificial intelligence protects the companies from budget cuts.
Evaluating PANW's Stock Performance and Valuation