WestPark Capital analyst Casey Ryan downgraded Palo Alto Networks to Hold from Buy with a $340 price target. The shares are up over 15% in January 2024 alone and over 100% over the past twelve months, the analyst tells investors in a research note. The firm believes Palo Alto is now fully valued at current levels based on the current outlook for the company’s sales and earnings in fiscal 2024 and 2025.
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