Technology
Analysts Make Big Changes on Cybersecurity Stock Ratings
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Cybersecurity is becoming an increasingly important issue that companies have to address as they continue to develop new platforms and mobile apps. These companies are on the cutting edge and have many investors interested in what they can do.
24/7 Wall St. has collected a few recent analyst calls on some major companies in the cybersecurity field. This should give a picture of what analysts see in the industry and where it could stand to go in the coming months.
Bernstein started Palo Alto Networks Inc. (NYSE: PANW) with an Outperform rating and a price target of $200. Back in early February, Maxim Group initiated it with a Buy rating and price target of $214. Shares of Palo Alto Networks closed most recently at $157.87, with a consensus analyst price target of $192.86 and a 52-week trading range of $111.09 to $200.55.
At Sanford Bernstein, Check Point Software Technologies Ltd. (NASDAQ: CHKP) coverage recently was initiated with an Underperform rating and price target of $65. Shares of Check Point closed Friday at $83.00, with a consensus price target of $88.78 and a 52-week range of $65.09 to $88.49.
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