Susquehanna analyst Shyam Patil raised the firm’s price target on Palo Alto Networks to $260 from $220 and keeps a Positive rating on the shares. Palo Alto posted a strong Q4 and outlook, with platformization remaining a key driver, the analyst says. The firm continues to believe Palo Alto is well-positioned as one of the key beneficiaries of cyber budget growth, consolidation, and platformization in the space.
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