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Citi sets PT on Palo Alto Networks to $216 after stock split

Citi sets PT on Palo Alto Networks to $216 after stock split


Published on 2024-12-26 12:41:07 - MSN
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  • Citi has reaffirmed its "buy" rating on Palo Alto Networks Inc (NASDAQ:PANW), adjusted its price target to $216 following the company's stock split. The brokerage highlighted sustained growth prospects and a stable

The article from MSN Money discusses Citi's analysis of Palo Alto Networks following the company's stock split. Citi has set a price target of $216 for Palo Alto Networks, reflecting optimism about the cybersecurity firm's future performance. The stock split, which was a 3-for-1, was aimed at making the stock more accessible to a broader range of investors. Citi's positive outlook is based on Palo Alto Networks' strong market position in cybersecurity, its consistent revenue growth, and the potential for further expansion in cloud security and other emerging tech sectors. The article also mentions that despite the split, the intrinsic value of the company remains unchanged, but the lower per-share price could attract more retail investors.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/citi-sets-pt-on-palo-alto-networks-to-216-after-stock-split/ar-AA1wwQG6 ]
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