Goldman Sachs says buy Palo Alto Networks as the cybersecurity company diversifies its business

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Goldman's price target implies the stock could gain 23.3% over the next 12 months.

Palo Alto Networks ' diversification strategies can mean big gains for the stock, according to Goldman Sachs. Analyst Gabriela Borges initiated the cybersecurity stock with a buy rating and a $205 price target, implying upside of 23.3% from Monday's closing price of $166.31.

The analyst also noted that Palo Alto should have "more consistent and durable growth" than peers. One of those big business opportunities is its next-generation security unit, which Borges said could grow at a compound annual rate of 28% over the next three years. That's driven by growth in sub-businesses called SASE, Cloud and Cortex.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости