BTIG Cuts Palo Alto Networks Price Target to $200 While Keeping Buy Rating
BTIG lowered its price target for Palo Alto Networks to $200 from $248 while keeping a Buy rating, citing multiple compression across software even as channel checks showed improving demand. The new target implies roughly 21% upside from the current share price. The company has completed its acquisition of CyberArk and several other brokerages have…