Analysts Remain Cautious on Palo Alto (PANW) Amid Growth Challenges

Palo Alto Networks Inc. (NASDAQ:PANW) is among the best debt-free stocks to buy now. According to a January 13 report by The Fly, UBS cut its price target on the company’s stock from $220 to $215 and maintained a Neutral rating. UBS remains constructive on the cybersecurity sector as it estimates that spending in this industry will exceed growth in the overall IT budgets. Moreover, the firm expects further improvement through consolidation and increased commercialization of AI-enabled solutions. That sa ...