Palo Alto Networks Stock Has 17% Upside, According to 1 Wall Street Analyst

Shares of cybersecurity provider Palo Alto Networks (PANW 0.15%) struggled recently following a guidance cut from the company in February, but analysts at Argus Research still see brighter days ahead. Argus boosted its price target on the stock to $336 on Friday, which represents a potential upside over the next 12 months or so of about 17%.Softening demand and a change in strategyPalo Alto saw weakness in its U.S. government-related business in its most recent quarter, with deals that were expected to clos ...