Palo Alto Networks price target raised to $270 from $250 at BofA

BofA analyst Tal Liani raised the firm’s price target on Palo Alto Networks to $270 from $250 and keeps a Buy rating on the shares as the firm adjusted targets for several stocks across its Data Networking and Cybersecurity coverage universe. Prisma Access “represents the company’s largest pipeline,” Cloud Security is a fast-growing and developing market, and the firm believes that Palo Alto will continue to build its Prisma Cloud portfolio both organically and inorganically to capture this growing market, the analyst tells investors.