High-profile cyber attacks against Solarwinds and Colonial Pipeline have ignited increased spending in cybersecurity that is set to benefit Palo Alto Networks stock, according to a Sunday note from Wedbush.
Wedbush raised its price target on Palo Alto Networks to $600, representing potential upside of 22% from Friday’s close. The investment firm cited internal checks on cybersecurity spending that are tracking strong for the third quarter.
