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Where Will Palo Alto Networks Stock Be in 1 Year?

TheMotleyFool

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Where Will Palo Alto Networks Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/744746/lock-computer-cybersecurity.jpg

Shares of Palo Alto Networks (NASDAQ: PANW) jumped 11% during after-hours trading on Aug. 18 in response to its latest earnings report.

For the fourth quarter of fiscal 2023, which ended on July 31, the cybersecurity company's revenue rose 26% year over year to $1.95 billion but narrowly missed analysts' expectations by $10 million. However, its adjusted EPS grew 80% to $1.44 and cleared the consensus forecast by $0.15.

Those headline numbers look healthy, but does Palo Alto's stock still have room to run after its year-to-date rally of nearly 70%? Let's see where it might be headed in a year.

Source Fool.com