Palo Alto Networks Stock Jumps 9% on Positive Analyst Notes
• Palo Alto Networks (PANW) stock jumped 9.3% on Monday after positive analyst notes from Susquehanna and JPMorgan • Some analysts believe recent PANW sell-offs were overdone and the stock is undervalued • Susquehanna maintained a $325 price target, suggesting 5% upside potential • JPMorgan analyst thinks negative reaction to earnings was overblown • PANW recently lowered 2024 guidance for billings and revenue due to strategy changes