Palo Alto Networks price target raised to $380 from $300 at JMP Securities

JMP Securities analyst Trevor Walsh raised the firm’s price target on Palo Alto Networks to $380 from $300 and keeps an Outperform rating on the shares. The firm’s mix of recent data points skew positive, and despite debate on upcoming directional changes to interest rate and economic forecasts, cybersecurity remains a critical imperative, as the industry faces significant attacks, weaponized AI, a continued cybersecurity skills gap, and SEC regulation ramifications, the analyst tells investors in a research note.