Wall Street's enthusiastic reaction Tuesday to solid earnings from Palo Alto Networks reinforced our belief that the cybersecurity stock is getting overextended.
However, that doesn't mean he's any less bullish on Palo Alto in the long run.
PANW YTD mountain Palo Alto Networks YTD Wall Street analysts echoed our bullish sentiments.
At least two dozen research firms — including Wells Fargo, Morgan Stanley, JPMorgan, and Goldman Sachs — raised their price targets on Palo Alto, according to FactSet data.
To be sure, not everyone on Wall Street is convinced that Palo Alto has significant growth ahead.
Persons:
clawing, Jim Cramer, Jim, management's, billings, Wells Fargo, Morgan Stanley, Goldman Sachs —, Palo, Nikesh Arora, Arora, Morgan Staley, Jim Cramer's, Alfred Dunhill, David Cannon
Organizations:
Palo Alto Networks, Palo Alto, Club, JPMorgan, Management, Palo, UBS, CNBC, Getty
Locations:
Palo Alto, Palo, Wells, Wells Fargo, United States, St Andrews, Scotland