Morgan Stanley: Downgrades Palo Alto Networks target price to $223
1min read Securities Times News, Morgan Stanley adjusted the target price of Palo Alto Networks from US$446 to US$223, maintaining an "overweight" rating. According to FactSet data, Palo Alto Networks' average rating is "overweight", with an average target price of US$419.49. This downward adjustment contrasts with other analysts' predictions, such as Wolfe Research raising the target price to US$440 and maintaining a "outperform" rating; Argus Research raising the target price to US$443 and maintaining a "buy" rating. HSBC, on the other hand, downgraded the rating to "sell" with a target price of US$291. The increased discounts for CrowdStrike and Palo Alto Networks may have contributed to the institutional downgrade of its target price, adding pressure to cybersecurity pricing.
