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Palo Alto Networks Stock Has 26% Upside, According to 1 Wall Street Analyst

TheMotleyFool

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Palo Alto Networks (NASDAQ: PANW) stock is in a funk. Two months ago, the cybersecurity company reported powerful earnings -- but slashed guidance, causing the stock to sell off. Palo Alto hasn't recovered much since.

This might change. On Thursday, KeyBanc analyst Michael Turits lowered his price target on Palo Alto, as TheFly.com reports. Turits did say the stock is still worth about $355 per share, however, and he still rates Palo Alto Networks "overweight."

But as a Palo Alto shareholder myself, I must admit: Turits' optimism stands on pretty weak legs.

Source Fool.com

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