This Hot Growth Stock Could Soar Another 35%
Palo Alto Networks' (NASDAQ: PANW) terrific quarterly report and guidance prompted a spate of price target upgrades by Wall Street analysts, who believe that the company's outstanding growth is sustainable thanks to its presence in several hot cybersecurity niches.
The cybersecurity specialist's share prices jumped nearly 2% following the release of its fiscal 2022 first-quarter results on Nov. 18, bringing its year-to-date stock gains to about 50%. Let's look closely at Palo Alto's latest quarterly performance and check why this growth stock sports a Street-high price target of $740, which points toward a 39% upside from current levels.
Image source: Getty Images.
Source Fool.com
