Morgan Stanley analyst Hamza Fodderwala raised the firm’s price target on Palo Alto Networks to $304 from $302 and keeps an Overweight rating on the shares following a “solid” Q4 report and stronger-than-expected outlook. The firm reiterates its call for a $100B market cap within 12 months, which represents greater than 40% upside, and sees the stock “nearly doubling in 3-4 years,” the analyst added.
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