Palo Alto Networks price target raised to $450 from $280 at Wells Fargo

Wells Fargo raised the firm’s price target on Palo Alto Networks to $450 from $280 and keeps an Overweight rating on the shares. The firm’s checks suggest solidly improved results both quarter over quarter and year over year, the analyst tells investors in a research note, adding that demand remains strong for Prisma SASE and Prisma Cloud.