What Deutsche Bank’s Upgrade Means for Palo Alto Networks (PANW) Investors

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the Must-Watch AI Stocks on Wall StreetOn August 13, Deutsche Bank upgraded the stock to “Buy” from hold and raised its price target on the stock to $220 per share from $200.

The firm believes that investor concerns over the CyberArk acquisition are overblown and that PANW is set for robust quarterly results.

“We upgrade shares of Palo Alto Networks to a Buy rating and raise our DCF-derived TP to $220 given our thoughts on the health of the business, quality of its leadership, and forward prospects for the announced acquisition of CyberArk.”

What Deutsche Bank’s Upgrade Means for Palo Alto Networks (PANW) Investors

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Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity.

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