Why Palo Alto Networks Stock Is Jumping Today

Palo Alto Networks (NASDAQ: PANW) stock is making gains in Tuesday's trading thanks to a pair of bullish reports from analyts. The cybersecurity company's share price was up 3.8% as of 2 p.m. ET. The gains come amid a 0.8% increase for the S&P 500 (SNPINDEX: ^GSPC) and a 0.7% rise for the Nasdaq Composite (NASDAQINDEX: ^IXIC).Before the market opened today, Morgan Stanley published a research note on Palo Alto Networks, maintaining an overweight rating on the stock. Soon after, Scotiabank published its own analysis and reiterated an outperform rating on the company's shares.In addition to reiterating its overweight rating on Palo Alto, Morgan Stanley increased its one-year price target on the stock from $223 per share to $230 per share. As of this writing, the firm's new price target implies potential upside of roughly 25%. Morgan Stanley's analysts think that the cybersecurity specialist stands out as a worthwhile buy thanks to relative underperformance for its stock and signs that the business is continuing to land big deals and gain market share in key categories. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool